CFTC: USD longs keep declining
Here are the essentials of the latest Commitments of Traders (COT) report, released on Feb. 21 by the Commodity Futures Trading Commission (CFTC) for a week ended on Feb. 18.
According to the report, large speculators decreased their overall USD bullish position from $19.24 billion in the week ended Feb. 11 to $16.28 billion in the week ended Feb. 18. This is the lowest reading in more than 3 months.
Note, that it’s still the 16th week in a row of long USD net position and reflects the expectations that the Fed will continue reducing QE this year, though the recent weak economic data made some players change their view towards less tapering.