Specs on the IMM cut bets against the dollar way back this week, as one would have expected after the big rally last Friday. The market had that sort of feel this week, one trading from a much more balanced position, willing to chase anything that had the whiff of a trend about it. We’ll post data when it becomes available on the web, but for instance, EUR/USD contracts were cut from long 27,000 to less than 17,000 as of Tuesday’s close. UPDATE: Here’s the data. You’re welcome, Lilac!
Have a great weekend, all!