|Weekly Change||Non-Commercial Longs||Price Change||Open Interest|
The market has seen some stability over the last few weeks but traders are active in the market. The market remains short the euro and the yen by about around $10bn and $9bn respectively, whilst sterling and aussie are long $5bn and $3bn respectively, with the other currencies holding net flat. It is clear that the market isn’t necessarily positioned for a dollar move, but is focussed on individual currencies and their local development.
|Net Non-Commercial Positions||16,213||-5,320||-21,533||-24,108|
**USDCAD OUTLOOK: Neutral**
There has been a significant reduction in short CAD positions to around $0.5bn. There is a clear change in the sentiment towards CAD and therefore could lead to some developments.
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