CAD RISK CONTINUES TO BE PARED BACK
Most of the majors saw relatively minor shifts in sentiment for the second consecutive week, with the exception of EUR—which saw a large bullish build, and GBP— where sentiment continued its bearish trend. All of the majors are held short vs the USD with the exception of MXN. The aggregate long USD position was relatively unchanged, down $1.3bn, to $28.0bn.
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