CFTC commitment of traders' report review (FX)

CFTC commitment of traders report was released on Friday (3rd November) and cover positions up to Tuesday (6th November). COT report is not a complete presenter of entire market positions, since future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

Kindly note figures are rounded to next decimal.

Key highlights

Market participants are net short on all currencies against dollar except for New Zealand Dollar and Pound.

Participants increased net long position in US dollar by $6.42 billion to $27.65 billion.

Shorts increased

• Euro registered largest increase in net shorts, where shorts were increased by $3.78 billion to -$18.41 billion.
• Japanese Yen registered second largest increase in net shorts, as shorts rose by $1.08 billion to -$4.52 billion.
• Australian Dollar registered third largest increase in net shorts, with an increase by $0.16 billion to -$2.78 billion.
• Canadian Dollar shorts were by $68 million to -$1.49 billion.
• Mexican Peso shorts were increased by $20 million to -$22 million.

Longs Increased

• New Zealand Dollar longs were increased by $63 million to +$0.44 billion.

Longs covered

• Swiss Franc longs were reduced by $1 billion, moving net position to negative at -$0.89 billion.
• Pound longs were reduced by $0.38 billion to +$18 million.