Currency Speculators boosted US Dollar long positions for 3rd week.
US Dollar net speculator positions rose last week to +$33.68 billion The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Monday due to a holiday release schedule, showed that large traders and currency speculators sharply added to their overall net bullish positions in the US dollar for a third straight week last week and pushed US bets to the highest level since August.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $33.68 billion as of Tuesday November 10th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$5.61 billion from the $28.07 billion total long position that was registered on November 3rd, according to the Reuters calculation that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.
Last week’s data brings the US dollar speculative level to the best standing since August 11th when net positions stood at $37.19 billion.