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Monday 20th February 2017

The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October.

The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October 11th as uncertainty continued to undermine long dollar positions with the main shift a further increase in long positions in commodity currencies. The dollar nudged slightly higher on Monday and the Euro again tested support towards the 1.0600 area.

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