Loading…
Speculative investors cut net-long dollar positions in the week ending 19 October, after a long bullish run. CAD and sterling saw the biggest weekly jumps in net positioning as their central bank rate expectations turned hawkish.
Reduced dollar long positioning points to a softer dollar near term, which can modestly support dollar-priced commodities.
think.ing.comFrancesco PesoleOct 25, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
