External broker reports(aggregated public sources), Scotiabank

Scotiabank

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External broker reports(aggregated public sources)

FX & Rates

<ul><li>Broader dollar bearishness moderated again through late May, according to the latest snapshot of market sentiment, reflected in the CFTC data.</li><li>IMM-based Non-Commercial (speculative) traders cut net USD shorts by a sizeable USD4.2bn on aggregate in the week through May 20th, extending the USD short-covering trend seen in the prior week’s data.</li><li>Net speculative USD shorts were pinned back to USD12.3bn. Additional data shows Real Money (institutional) accounts paring their significant net USD shorts by USD1.5bn while Leveraged (hedge fund) traders cut modest USD shorts in half to just USD1.8bn.</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>

Broader dollar bearishness moderated again through late May, according to the latest snapshot of market sentiment, reflected in the CFTC data.IMM-based Non-Commercial (speculative) traders cut net USD shorts by a sizeable USD4.2bn on aggregate in the week through May 20th, extending the USD short-covering trend seen in the prior week’s data.Net speculative USD shorts were pinned back to USD12.3bn. Additional data shows Real Money (institutional) accounts paring their significant net USD shorts by USD1.5bn while Leveraged (hedge fund) traders cut modest USD shorts in half to just USD1.8bn.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.

Weekly CFTC Sentiment Report - Bearish CAD Sentiment Rises Sharply