CFTC positioning: USD net longs climbed to multi week highs

These are the main highlights from the latest CFCT positioning report for the week ended on March 12.

• Speculators added more than 3K contracts to their gross long positions, taking the net longs to the highest level since December 18 2018.
• On the other hand, speculative net shorts in EUR dropped to 2-week lows around 75.7K contracts, as market participants continued to adjust to the dovish message from the ECB at its last meeting.
• On the Sterling side, GBP speculative net shorts climbed a tad to 2-week highs amidst a cautious tone ahead of the key crucial votes.