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Views Article – Sharenet Wealth

Europe, Forex

U.S. net long dollars fall in latest week -CFTC, Reuters

(Adds broader positions, table) July 19 (Reuters) – Speculators cut their net long dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the dollar’s net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, fell to $15.20 billion in the week ending July 16, from $15.48 billion the previous week. It has fallen from $38.88 billion in April. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net long position valued at $11.66 billion, the lowest since June 2018 and down from $12.38 billion a week earlier. The dollar index has fallen from a two-year high on May 23 on growing expectations that the Federal Reserve is closer to cutting interest rates, which is now seen as certain when the U.S. central bank meets on July 30-31. Japanese Yen (Contracts of 12,500,000 yen) Net dollar long by $0.419 billion 16 Jul 2019 Prior week week Long 32,905 35,346 Short 44,285 38,997 Net -11,380 -3,651 EURO (Contracts of 125,000 euros) Net dollar long by $5.024 billion 16 Jul 2019 Prior week week Long 170,487 158,398 Short 201,838 194,263 Net -31,351 -35,865 POUND STERLING (Contracts of 62,500 pounds sterling) Net dollar long by $5.686 billion 16 Jul 2019 Prior week week Long 35,190 36,232 Short 111,547 109,214 Net -76,357 -72,982 SWISS FRANC (Contracts of 125,000 Swiss francs) Net dollar long by $1.312 billion 16 Jul 2019 Prior week week Long 5,962 7,149 Short 17,694 17,577 Net -11,732 -10,428 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) Net dollar short by $-0.703 billion 16 Jul 2019 Prior week week Long 63,098 48,734 Short 42,134 39,508 Net 20,964 9,226 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) Net dollar long by $3.741 billion 16 Jul 2019 Prior week week Long 31,843 31,850 Short 84,419 85,857 Net -52,576 -54,007 MEXICAN PESO (Contracts of 500,000 pesos) Net dollar short by $3.299 billion 16 Jul 2019 Prior week week Long 168,473 181,214 Short 40,352 54,832 Net 128,121 126,382 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) Net dollar long by $1.466 billion 16 Jul 2019 Prior week week Long 10,839 10,484 Short 28,158 32,689 Net -17,319 -22,205 (Reporting by Karen Brettell)


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