The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October

The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October 11th as uncertainty continued to undermine long dollar positions with the main shift a further increase in long positions in commodity currencies.

 

The dollar nudged slightly higher on Monday and the Euro again tested support towards the 1.0600 area.