• USD net G10 IMM spec long cut dramatically, -$13.8bn, in the Sept 9-15 period; $IDX +0.86%

• USD under significant pressure pre-Fed; hawkish Fed shift likely to spur USD bid in current period

• EUR$ -0.71% in period, specs +15.6k contracts now -27k; hawkish ECB prods EUR buying

• $JPY +0.76%, specs +109.6k contracts now +120.3k; MoF intervention stirs yen bid

• GBP$ -0.48%, specs +121 contracts now -58.7k; less-hawkish BoE, fiscal concerns weigh

• $CAD +0.92%, specs 32.9k contracts now -37.6k; Fed-BoC rate convergence sees CAD shorts unwind

• AUD$ -1.3%, specs -4.04k contracts now -38.9k; Oil price rise cuts global growth view, weighs on oz

Majors w/IMM Performance Chart:


IMM Position Table as of 9-15:

(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)