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Short USD and long EUR positions remain large - BNPP

According to BNP Paribas FX positioning analysis released on 21 August, short USD and long EUR positions remain large, at scores of  -39 and +30 respectively (-/+ 50 scale). 

Key Quotes

“Long SEK positions have increased over the week to a score of +38, now the largest long in the G10.”

“The market has extended its short GBP positions to -29 as FX funds appear to have built a large short GBP position.”

“Long CAD positions have increased to a score of +28, the largest long CAD position since 2012.”

Canada: CPI print makes another BoC hike this autumn very likely – Danske Bank

Mathias Røn Mogensen, Analyst at Danske Bank, explains that Canadian CPI figures rebounded to 1.2% y/y in July (consensus at 1.2%) on Friday, but rema
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EUR futures: more consolidation likely

CME Group’s preliminary data for EUR future markets on Friday showed open interest decreased by more than 2.1K contracts vs. Thursday’s final 462,565
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