Investing.com - The Investing.com weekly sentiment index published on Monday revealed that speculators scaled back their bullish bets on the U.S. dollar in the week ending February 12.
Meanwhile, 33.3% of investors held long positions in EUR/USD as of last week, unchanged from a week earlier, 41.6% of investors were long GBP/USD, compared to 36.5% in the preceding week, while 47.4% of investors were long USD/CHF, up slightly from 47.3% in the previous week.
Amongst the commodity-linked currencies, 54.9% were long USD/CAD, rising from 49.3% a week earlier, 50.5% held long positions in AUD/USD, compared to 40.9% in the preceding week, while 40.5% were long NZD/USD, up from 39.2% a week earlier.
A reading between 50%-70% is bullish for the instrument, a reading between 30% and 50% is bearish, a reading above 70% indicates overbought conditions and a reading below 30% indicates oversold conditions.
The Investing.com series of indexes is developed in-house. Each index measures overall exposure to major currency pairs, commodities and indexes, using data from futures exchanges and OTC providers on all long and short open positions.
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