Long EUR remains the market’s largest position, but the scorehas moderated over the week to +25 (+/-50 scale). FX fundsappear to have built a short EUR position.
The market remains short USD at a score of -17, still one of thelargest shorts held over the past two years.
Short commodity bloc positions continue to be held, with theCAD the largest short.
Ahead of the UK election, the market holds a slight short GBPposition at a score of -8.