CFTC positioning data through November 3 showed speculators reduced Australian dollar bets, reaching a new bearish record, while positioning increased for the Canadian dollar, British pound, Brazilian real and US dollar index. Euro, Mexican peso and New Zealand dollar bets also declined.
The positioning points to bearish sentiment toward the Australian dollar and relative support for several other currencies, which can affect feed-import costs and export competitiveness, though positioning alone does not establish a price move.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 213 past bearish macro events, Brazilian Real (BRL per USD) moved a median -0.2% over 5 sessions (46% higher; middle half -1.5% to +0.9%), and +0.2% over 20.
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.