Deutsche Bank - "The dollar is fast losing its status as the market’s consensus trade. Speculative longs fell for the sixth week in a row. However, speculative longs adjusted for open interest remain the second largest in G10, after NZD. At the same time, EUR longs were added to. The TFF report shows that fast money was responsible as leverage funds turned short USD while EUR longs were added to, meaning net EUR/USD positions are now +34% long. However asset managers positioning was exactly the opposite. Asset managers increased USD longs and EUR short positions.
GBP longs were moderately added to. While speculative GBP longs are still modest, the TFF report shows GBP leveraged funds positioning to be near historical highs. CHF longs were added to and shorts in JPY were pared. Longs in NZD were increased. Worth noticing, asset managers pared their AUD short position heavily from 65% of open interest to 20%. Longs in oil remain firm at historic highs while gold longs were added to significantly."