Money managers were already busy selling dollars before dovish FOMC comments sent it sharply lower against the euro. During the week ending February 2 they cut bearish bets on the EURO while the combined dollar long against eight IMM currency futures were trimmed by 20% to a three-month low.
from Ole Hansen - Authored content https://www.tradingfloor.com/posts/cot-imm-eur-positioning-back-to-neutral-after-rout-7048283?utm_medium=tf4-feed&utm_source=extract
COT: IMM EUR positioning back towards neutral after rout
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