Credit Agricole: AUD surges to largest long position in G10 FX; CAD remains largest short ...Middle East

Credit Agricole reports that the Australian dollar (AUD) has become the largest long position in G10 FX, while the Canadian dollar (CAD) continues to hold the largest short position, according to their latest FX positioning model.Key Points:AUD Positioning:The AUD has overtaken other currencies to become the largest long position in G10 FX, driven by increased buying interest last week primarily from IMM (Intercontinental Exchange) flows.Data indicates significant inflows from corporates and real money investors, while banks and hedge funds have experienced outflows.Despite this strong positioning, the AUD is now considered to be in overbought territory.CAD Positioning:The CAD continues to h

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