US Dollar net speculator positions dipped last week to +$41.22 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 reduced their overall net bullish positions in the US dollar last week for a second consecutive week.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $41.22 billion as of Tuesday December 8th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$2.25 billion from the $43.47 billion total long position that was registered on December 1st, 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 lowest level of the past four weeks but speculative bets remain above the $40 billion threshold.

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