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HomeForexSpeculators' internet lengthy USD bets develop -CFTC, Reuters By Reuters

Speculators’ internet lengthy USD bets develop -CFTC, Reuters By Reuters


© 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

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