In the latest reporting week to 3 June, the period saw the USD trade broadly weaker. Speculators nevertheless responded by reducing their overall short USD position versus the eight IMM FX futures contracts by 8%, to USD 12.2 billion. At the individual currency level, buying of EUR and MXN was more than offset by selling of JPY and CAD. The reporting week to 3 June showed a major divergence in hedge funds’ appetite for exposure—strong demand for energy and metals, both precious and industrial, was partly offset by broad net selling across the agriculture sector. Overall, the Bloomberg Commodity Index rose 0.4% during ... (full story)