US Dollar net speculator positions leveled at $20.78 billion last week
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 raised their bullish bets for the US dollar for a sixth consecutive week last week.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $20.78 billion as of Tuesday November 1st, according to the latest data from the CFTC and dollar amount calculations by Reuters.
This was a weekly change of $1.97 billion from the $18.81 billion total long position that was registered the previous week, 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 bullish position is now over the $20 billion level for the first time since January 26th when the net position equaled $23.85 billion.
Weekly Speculator Contract Changes:
The major currencies that improved against the US dollar last week were just the Australian dollar (8,944 contracts) and the British pound sterling (1,001 contracts).
The currencies whose speculative bets fell last week versus the dollar were the euro (-13,529 weekly change in contracts), Mexican peso (-11,129 contracts), Canadian dollar (-2,636 contracts), Japanese yen (-1,435 contracts), Swiss franc (-1,270 contracts) and the New Zealand dollar (-545 contracts).