BNZ: NZD CFTC Data

From the FXWW Chatroom: The latest CFTC data show net speculative long NZD positions at their highest level in over four years, following a three-month period of mostly short-positioning. This suggests that “hot” money has been behind some of the NZD’s recent outperformance, making the currency more vulnerable to the downside than usual on any negative news.

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