U.S. Markets closed

UPDATE 1-Speculators' net long bets on USD trimmed -CFTC, Reuters

·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Adds table, details, background) NEW YORK, July 29 (Reuters) - Speculators' net long bets on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $18.46 billion for the week ended July 26, compared with a net long position of $18.98 billion, last week. U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars. The U.S. dollar has risen about 11% against a basket of currencies this year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback's safe-haven appeal. A mix of profit-taking and a strong rebound in investors' appetite for riskier currencies in recent weeks, however, has sapped some of the dollar's allure. On Friday, the dollar index slipped to a near four-week low. JAPANESE YEN (Contracts of 12,500,000 yen) $5.613 billion 26 Jul 2022 Prior week week Long 43,812 42,880 Short 105,293 102,105 Net -61,481 -59,225 EURO (Contracts of 125,000 euros) $5.257 billion 26 Jul 2022 Prior week week Long 198,041 195,875 Short 239,625 238,620 Net -41,584 -42,745 POUND STERLING (Contracts of 62,500 pounds sterling) $4.058 billion 26 Jul 2022 Prior week week Long 34,606 31,943 Short 88,596 89,193 Net -53,990 -57,250 SWISS FRANC (Contracts of 125,000 Swiss francs) $1.467 billion 26 Jul 2022 Prior week week Long 8,138 6,948 Short 19,437 17,860 Net -11,299 -10,912 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $-1.224 billion 26 Jul 2022 Prior week week Long 46,414 42,040 Short 30,645 35,373 Net 15,769 6,667 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $3.288 billion 26 Jul 2022 Prior week week Long 30,024 30,578 Short 77,409 73,726 Net -47,385 -43,148 MEXICAN PESO (Contracts of 500,000 pesos) $0.731 billion 26 Jul 2022 Prior week week Long 96,752 97,965 Short 126,650 128,725 Net -29,898 -30,760 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $0.261 billion 26 Jul 2022 Prior week week Long 17,311 15,791 Short 21,497 19,462 Net -4,186 -3,671 (Reporting by Saqib Iqbal Ahmed)