СFTC: USD short bets down
According to the data from the Commodity Futures Trading Commission (CFTC) released on Wednesday, currency speculators cut their bets against the US dollar in the latest week for which data is available.
The value of the dollar's net short position fell from $3.64 billion on the week ended Oct. 22 to $3.146 billion in the week ended Oct. 29. Speculators have now been short the dollar since the week of Oct. 8 (four straight weeks). Long bets on EUR and GBP were reduced.
"A less-dovish-than-expected Fed and soft inflation in the Eurozone clearly squeezed EUR longs. We expect a large reduction of the net long EUR positioning in this Friday’s CFTC numbers", analysts at TDS say.