Forex positioning data in the futures market for the close of trading on Tuesday, August 9, 2016:
- EUR 98K short versus 104K short last week
- GBP 90K short versus 83K short last week
- JPY 49K long versus 42K long last week
- CHF 0.1K long versus 1.7K short last week
- CAD 15K short versus 18K short last week
- AUD 35K long versus 31K long last week
The Australian dollar net long is at the highest since mid-May. That didn't stop AUD from rising to the best levels since late April earlier this week but it raises the risk of the kind of weakness we've had late this week.
