US Dollar net speculator positions jumped last week to +$41.64 billion The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators sharply increased their overall net bullish positions in the US dollar last week for a fourth consecutive week and to the highest level since March.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $41.64 billion as of Tuesday November 17th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$7.96 billion from the $33.68 billion total long position that was registered on November 10th, 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 highest standing since March 24th when net positions stood at $43.91 billion. Over the past four weeks alone, the US dollar speculative level has grown by $28.32 billion as investors have reignited USD bets.
Weekly Speculator Contract Changes:
Weekly changes for the major currencies showed that large speculators increased their bets in favor of the just the US dollar against the other currencies with decreasing weekly bets for the euro, British pound sterling, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican Peso.
This latest COT data is through Tuesday November 17th and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro. Please see the individual currency charts and their respective data points below. (Click on Charts to Enlarge)
Weekly Charts: Large Trader Weekly Positions vs Price