External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>The aggregate USD short position narrowed $1.8bn in the week ended July 1, softening modestly to $18.3bn.</li><li>The bearish position is at the wider end of its multiyear range, but still well shy of the extended levels reached in 2020/2021.</li><li>Individual currency positioning adjustments were modest overall, favoring the USD while the AUD and NZD positions were left unchanged. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The aggregate USD short position narrowed $1.8bn in the week ended July 1, softening modestly to $18.3bn.The bearish position is at the wider end of its multiyear range, but still well shy of the extended levels reached in 2020/2021.Individual currency positioning adjustments were modest overall, favoring the USD while the AUD and NZD positions were left unchanged. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CFTC Weekly Sentiment Report - Aggregate Bearish USD Position Holds Steady In Holiday Week