![Currency exchange rate board of multiple currencies](/en-uk/-/media/research/global/news-analysis/featured-image/2021/03/forex3.jpg)
As of Tuesday 15th March 2022:
- The Australian dollar and euro futures contracts saw the largest weekly repositioning, with AUD net-short exposure falling by -33.3k contracts and EUR net-longs falling by -40.1 contracts.
- Net-long exposure to the US dollar index fell to its least bullish level in 24-weeks.
- Interestingly, net-long exposure to euro futures also fell, to their least bullish level in 9-weeks.
- Net-short exposure to CHF futures fell to their least bearish level since September.
- Traders remained net-long Russian rubles by 7.5k contracts (down from 19.5k end of February) but open interest is its lowest since December 2020.
- Traders were their most bearish on GBP futures in 11-weeks.
![20220320cotFOREXci](/en-uk/-/media/research/global/ms/2022/01/20220224moversfxfx/20220304moversfx/20220304goldfx/20220307nikkeici/20220307moversftseci/20220315futuresci/20220320cotforexci.png?h=320&w=640&hash=731243BE92CFE174D7142F32AAA45693)
![20220320cotAUDci](/en-uk/-/media/research/global/ms/2022/01/20220224moversfxfx/20220304moversfx/20220304goldfx/20220307nikkeici/20220307moversftseci/20220315futuresci/20220320cotforexfx/20220320cotaudci.png?h=366&w=639&hash=A1D66A9979CFFECB165F64A5B8268370)
NZD futures:
Traders flipped to net-long exposure to NZD futures for the first time in 3-months. And like AUD, we saw a strong reduction of gross shorts (-10.3k contracts) and increase of longs (5.7k contracts). Money markets have fully priced in a further 3 hikes over the next six months with the 6-month OIS rising to 1.75%. And the surge in commodities pricing with global inflation on the rise doing little to dispel expectations of further hikes which remain supportive of NZD.
![20220320cotNZDci](/en-uk/-/media/research/global/ms/2022/01/20220224moversfxfx/20220304moversfx/20220304goldfx/20220307nikkeici/20220307moversftseci/20220315futuresci/20220320cotforexfx/20220320cotnzdci.png?h=366&w=639&hash=6F6840B5A4D3AFD9432FFB8EC016E062)
USD exposure:
Traders were net-long the USD by US $8.7 billion according to IMM (International Money Market, $709 billion of which was against G10 currencies. We saw a sharp drop on exposure to emerging FX, with USD exposure rising by $1.6 billion last week alone, which is its fastest rise since March 2020.
![20220320usdCI](/en-uk/-/media/research/global/ms/2022/01/20220224moversfxfx/20220304moversfx/20220304goldfx/20220307nikkeici/20220307moversftseci/20220315futuresci/20220320cotforexfx/20220320usdci.png?h=366&w=639&hash=AA519ED37B50C769ED11F15849D602E9)
How to trade with City Index
You can easily trade with City Index by using these four easy steps:
-
Open an account, or log in if you’re already a customer
• Open an account in the UK
• Open an account in Australia
• Open an account in Singapore
- Search for the company you want to trade in our award-winning platform
- Choose your position and size, and your stop and limit levels
- Place the trade