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Trader, analyst and instructor with a 6-year experience

CFTC: USD longs contracted

Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, June 21, by the Commodity Futures Trading Commission (CFTC) for a week ended June 18.

Large futures traders continued cutting their net US dollar long positions from $28.3 bln on June 11 to $14.6 bln on June 18. EUR and CHF net positions switched to longs, GBP, JPY and CAD shorts contracted. 

It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements.

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