Currency Analyst since 2010

CFTC: USD longs finally increased

Here are the essentials of the latest Commitments of Traders (COT) report, released on August 30 by the Commodity Futures Trading Commission (CFTC) for a week ended on August 27.

The value of US dollar’s net long position increased from $13.54B on a week ended August 20 to $15.82B on a week ended August 27. This was a first rise in the US dollar net long positions since July 16 when long bets rose to a total of $29.61B. Large speculators have been reducing their long USD bets for five street weeks.

EUR net contracts improved for the seventh straight week and are now at 40K (their highest level in 2013).

GBP net short positions contracted for a second week in a row and reached 38K.

JPY net short positions increased to 78K after 3 weeks of contraction.

AUD net shorts rose to 71K after staying at 63K on the preceding week.

Traders hold tiny long CHF positions.

CAD net short positions jumped to 25K.

Net NZD positions are close to zero.

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