Futures traders reduced net-long exposure to the US dollar (against all CME futures markets) by -$3.5 billion dollars, according to IMM data. • Large speculators were net-short EUR/USD for a second week, although gross shorts were trimmed to bring net-short exposure slightly lower. • Asset managers flipped to net-long exposure to VIX futures for the first time since December. • Large speculators trimmed net-short exposure to commodity currencies (AUD, CAD and NZD). • They also increased net-short exposure to GBP/USD futures for a second week. • Asset managers increased net-long exposure to the 2-year and 10-year ... (full story)