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CFTC: USD longs increased

Here are the essentials of the latest Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) for a week ended July 2.

The value of the dollar's net long position rose to $22.4B in the week ended July 2, from $13.3B billion the previous week. Investors have been net long the U.S. dollar since mid February.

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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