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CFTC: USD longs at lows

Here are the essentials of the latest Commitments of Traders (COT) report, released on Sept. 27 by the Commodity Futures Trading Commission (CFTC) for a week ended on Sept. 24.

The value of USD net long position dropped from $10.80 billion in the week ended Sept. 17. to $3.58 billion in the week ended Sept. 24. US dollar long positions are now at a new lowest level since February 19 when they were at $1.48 billion.

EUR net long positions increased by about 34K contracts.

GBP net short positions switched into small net longs. 

JPY net short positions increased by about 4K contracts.

AUD net shorts increased by about 8K contracts.

CHF net long positions rose from almost zero to 6K contracts. 

CAD net shorts decreased by about 13K contracts.

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.

Charts: OANDA 


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