The below summary highlights futures positions and changes made by hedge funds across forex, bonds and stocks up until last Tuesday, March 17. During this period deleveraging and the dash-for-cash hit a fresh peak. The dramatic reduction in exposure, both long and short, was seen across all asset classes
In forex, speculators cut both long and short positions across the board. Despite seeing the dollar rally strongly against all ten IMM currency futures, it still ended up with a net short position for the first time since June 2018.