This is the HSBC update on IMM figures good up until last Tuesday.

  • Long USD positions fell to USD9.6bn from a peak in early February of 25.3bn;
  • Long EUR positions rose from USD4.0bn to USD6.3bn in the week to 11 March;
  • Long GBP trades contracted from USD3.1bn to USD2.3bn;
  • Short JPY positions increased from USD9.7bn to USD12.1bn;
  • Short AUD and long NZD positions remained unchanged at USD3.7bn and USD1.2bn respectively;
  • Short CAD positions slipped modestly to USD4.7bn from USD5.5bn;
  • Long CHF positions increased from USD0.3bn to USD1.3bn.