© Reuters. FILE PHOTO: Signage is seen exterior of the US Commodity Futures Buying and selling Fee (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
By Saqib Iqbal Ahmed
NEW YORK (Reuters) -Speculators’ internet lengthy bets on the U.S. greenback edged greater within the newest week, based on calculations by Reuters and U.S. Commodity Futures Buying and selling Fee knowledge launched on Friday.
The worth of the web lengthy greenback place was $10.21 billion for the week ended Oct. 18, in contrast with a internet lengthy place of $9.33 billion final week.
U.S. greenback positioning was derived from internet contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian {dollars}.
CFTC knowledge additionally confirmed Japanese yen internet shorts elevated within the newest week to 94,336 contracts, the biggest brief place since late Could. Among the many main currencies, the yen has struggled probably the most towards the greenback because the Financial institution of Japan stays the one central financial institution that’s not in a tightening mode. The yen has plummeted by almost 22% towards the greenback this yr.
Japanese authorities possible intervened in markets to stem the slide of the nation’s battered foreign money on Friday, market members stated, following an surprising leap within the yen towards the greenback.
Japanese Yen (Contracts of 12,500,000 yen)
18 Oct 2022 Prior week
week
Lengthy 30,583 30,149
Brief 124,919 107,542
Internet -94,336 -77,393
EURO (Contracts of 125,000 euros)
18 Oct 2022 Prior week
week
Lengthy 202,703 196,136
Brief 154,553 158,637
Internet 48,150 37,499
POUND STERLING (Contracts of 62,500 kilos sterling)
18 Oct 2022 Prior week
week
Lengthy 40,328 48,979
Brief 91,539 88,149
Internet -51,211 -39,170
SWISS FRANC (Contracts of 125,000 Swiss francs)
18 Oct 2022 Prior week
week
Lengthy 7,052 5,501
Brief 14,138 11,391
Internet -7,086 -5,890
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
18 Oct 2022 Prior week
week
Lengthy 35,384 32,476
Brief 55,957 58,148
Internet -20,573 -25,672
AUSTRALIAN DOLLAR (Contracts of 100,000 {dollars})
18 Oct 2022 Prior week
week
Lengthy 33,046 29,325
Brief 68,405 60,596
Internet -35,359 -31,271
MEXICAN PESO (Contracts of 500,000 pesos)
18 Oct 2022 Prior week
week
Lengthy 133,432 120,239
Brief 155,726 153,893
Internet -22,294 -33,654
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
18 Oct 2022 Prior week
week
Lengthy 10,328 11,894
Brief 28,773 30,936
Internet -18,445 -19,042
