Deutsche Bank - "Net implied USD longs fell modestly from 43% of open interest to 38% over the past week against all majors with the exception of AUD and MXN. The TFF report showed though leveraged funds have pared their long position significantly, asset managers added to it slightly. Speculative EUR positioning increased by 7% over the week ahead of the weak inflation outturn in the Eurozone, which saw a fall in the currency.. In both EUR and GBP, longs were added by leveraged funds but asset managers actually increased shorts. JPY shorts were trimmed by leveraged funds while asset managers increased their long position from 9% of open interest to 17%. Speculative MXN shorts increased to 24% of open interest. AUD was the only other currency where dollar longs were added, shorts now more than 40% of open interest. Longs for gold and oil were added further."