Forex News

Speculators’ net long USD bets fall to a more than 1-year low -CFTC, Reuters


FILE PHOTO: Banknotes of Euro, Hong Kong dollar, U.S. dollar, Japanese yen, GB pound and Chinese 100 yuan are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo

 

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NEW YORK (Reuters) — Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday.

The value of the net long dollar position was $2.36 billion for the week ended Nov. 8, compared with a net long position of $3.08 billion for the prior week.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.

CFTC data on Monday also showed euro net longs rose in the latest week to 107,599 contracts, the most since June 2021, up from 105,790 contracts for the prior week.

The net short position in the Japanese yen slipped in the latest week to 75,258 contracts, down from a short position of 77,620 contracts.

JAPANESE YEN (Contracts of 12,500,000 yen)

08

Nov 2022 week Prior week

37,201 40,460

Long

112,459 118,080

Short

-75,258 -77,620

Net

EURO (Contracts of 125,000 euros)

08

Nov 2022 week Prior week

232,317 239,770

Long

124,718 133,980

Short

107,599 105,790

Net

POUND STERLING (Contracts of 62,500 pounds sterling)

08

Nov 2022 week Prior week

36,630 34,979

Long

76,365 79,815

Short

-39,735 -44,836

Net

SWISS FRANC (Contracts of 125,000 Swiss francs)

08

Nov 2022 week Prior week

4,865 6,612

Long

22,019 21,396

Short

-17,154 -14,784

Net

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

08

Nov 2022 week Prior week

39,586 38,522

Long

58,050 56,171

Short

-18,464 -17,649

Net

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

08

Nov 2022 week Prior week

33,288 34,148

Long

79,971 84,680

Short

-46,683 -50,532

Net

MEXICAN PESO (Contracts of 500,000 pesos)

08

Nov 2022 week Prior week

192,024 182,316

Long

132,410 138,271

Short

59,614 44,045

Net

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)

08

Nov 2022 week Prior week

18,085 21,115

Long

24,452 24,962

Short

-6,367 -3,847

Net

Source

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