US Dollar net speculator positions rose last week to +$10.52 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 increased their bets in favor of the US dollar for a second consecutive week and to the highest level since early August.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling +$10.52 billion as of Tuesday October 4th, according to the latest data from the CFTC and dollar amount calculations by Reuters.
This was a weekly change of +$0.82 billion from the +$9.70 billion total long position that was registered on September 27th, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).
The US dollar speculative level is above the +$10 billion level for the first time in eight weeks and now currently sits at the highest level since August 9th when the aggregate US dollar bullish position equaled +$11.41 billion.
Weekly Speculator Contract Changes:
Last week’s data showed that the only major currencies that improved against the US dollar were the Australian dollar (+8,930 weekly change in contracts) and the Swiss franc (+3,020 contracts).
The currencies whose speculative bets declined last week versus the dollar were the British pound sterling (-9,858 weekly change in contracts), euro (-6,029 contracts), Canadian dollar (-2,462 contracts), New Zealand dollar (-1,037 contracts), Japanese yen (-197 contracts) and the Mexican peso (-19 contracts).