CFTC commitment of traders report was released on Friday (21st August) and cover positions up to Tuesday (18th August). 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.
Participants decreased net long position in US dollar by $5.3 billion to $34.77 billion, largest decline since December, last year.
Shorts increased -
- Franc remains the only currency, where shorts were increased by $0.32 billion to -$1.26 billion.
Shorts covered -
- Euro registered largest short covering by $3.12 billion to -$12.78 billion.
- Japanese Yen registered second largest decline in shorts by $1.46 billion to -$9.06 billion.
- Pound registered third largest decline in shorts by $0.62 billion to -$0.39 billion.
- Mexican peso shorts declined by $0.32 billion to -$1.84 billion.
- Australian Dollar shorts were reduced marginally by $83 million to -$3.66 billion.
- New Zealand Dollar shorts were reduced marginally by $34 million to -$0.66 billion.
- Canadian Dollar shorts were reduced marginally by $25 million to -$5.12 billion.


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