Credit Agricole CIB Research summarizes the latest reading from its G10 positioning model.

"The USD remains the biggest long in the G10 FX at present and saw some buying interest last week, predominantly driven by Tactical flows. Our FX flow data points at banks inflows as well as corporates, hedge funds and real money investors outflows," CACIB notes.

"The NZD remains the largest short in the G10 FX at present and faced mild selling interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, hedge funds and real money investors inflows as well as corporates outflows," CACIB adds.