Traders shift to net long position on euro

Speculative traders have shifted from a net short to a net long position on the euro, now holding 13,090 contracts long compared to a previous short of 10,106. This indicates a more positive outlook on the euro. Traders have also increased their net long positions on the British pound from 18,574 to 29,193 contracts, reflecting growing confidence. The Japanese yen remains favored, with a slight increase in long positions to 133,902 contracts. In contrast, bearish sentiment persists for the Australian dollar, Swiss franc, and Canadian dollar, with net short positions remaining largely unchanged. The Australian dollar has a net short of 48,226 contracts, while the Canadian dollar stands at 142,410 contracts short.