CFTC Commitments of Traders – Bets on Major Currencies Reduced as Global Central Banks Rushed to Cut Rates

<p>Bets on major currency futures were trimmed on last week, as major central banks announced emergency measures to contain risks of global recession. US dollar soared last week despite Fed’s two rate cuts in 2 weeks, bringing the Fed funds rate -150 bps lower. Besides announcing to expand QE by +120B euro, ECB accelerated measures […]</p>
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