Currency Analyst since 2010

CFTC: USD longs fall for 5 weeks

Here are the essentials of the latest Commitments of Traders (COT) report, released on August 23 by the Commodity Futures Trading Commission (CFTC) for a week ended on August 20.

The value of US dollar’s net long position declined from $17.62B on a week ended August 13 to $13.54B in a week ended August 20. That was the smallest net long since the week ended June 25. Large speculators have been reducing long USD bets for the fifth consecutive week.

EUR. Market players were bullish on EUR for the third straight week, with net long contracts totaling 37K, up from 16K in the previous week.

GBP.  GBP net shorts decreased by 7K contracts.

JPY. JPY net shorts declined by 2K contracts.  

CHF. CHF net position is close to 0.

CAD. CAD net shorts slightly increased.

AUD. AUD net shorts remained unchanged at 63K. 

NZD. NZD net longs rose a bit to 2K.

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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