According to CFTC’s Commitment of Traders Report, USD net longs crept higher to their strongest levels since March, Rabobank's analysts note.

• "Even though markets are looking ahead to further Fed easing this week the USD can also be sensitive to the overall level of risk appetite and outflows from emerging markets.
• Net EUR short positions edged even higher last week ahead of the September ECB meeting.
• Net short GBP positions have surged, though they remain below their August high.
• JPY net positions have been back in positive ground for six straight weeks on safe-haven demand.
• CHF net shorts eased a little last week on increased demand for safe-haven assets.
• CAD net long positions surged as the BoC remained defiant at its Sep 4 policy meeting.
• AUD net shorts edged slightly lower for a fourth week.”