Net USD buying during the week ending on 23 May from both CTA’s, leveraged funds and broad speculators. Our CTA model, with data until 26 May implies continued USD buying which also is expected to be reflected in next week’s CFTC reports, as the dollar has surged, and the debt ceiling crisis is nearing a conclusion. Both CTA’s, leveraged funds and broad speculators net sold EUR during the week. Broad speculators scaled down the net long position after seven weeks of net buying EUR. As broad speculators last week were sitting on the longest EUR/USD position since October 2020, the euro positioning may be extra ... (full story)