As of Tuesday 28th May: Large speculators increased net-long exposure to USD by $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies) • Traders were net-short NZD futures at their most bearish level since December 2018 • Net-short exposure on GBP was its most bearish since March, although we’ve seen a rise in both long and short bets • Overall, volume changes across FX majors were relatively minor and all below 6k contracts USD: Over the past four weeks, traders have reduced net-log exposure by -$3.6 billion after being their most bullish since Q4 2015. Over this time we’ve also seen the US dollar ... (full story)