FX Positioning: USD net positioning increased across the market before FOMC

CFTC positioning data for the week ending 21 September showed a substantial increase in USD longs against the majority of currencies - EUR, GBP, CAD, AUD, Gold and Silver. The US Dollar looked bullish for the week leading up to FOMC meeting. NZD saw a marginal increase in net positions and signals its potential for further appreciation. JPY net positions increased by 5K for the second consecutive week. 

Watch the weekly video with our analysis of the latest COT report.