Latest Commitment of Traders positions (FX) as at June 13th 2017

CFTC commitment of traders report was released on Friday (16th June) and cover positions up to Tuesday (13th June). COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

Key highlights:

Market participants are net short in all currencies against the dollar except the euro, Mexican peso, and the New Zealand dollar.

Shorts decreased:

• The short positions in the Canadian dollar declined by 5,906 contracts to -88.6K contracts. Shorts declined for a third consecutive week.
• Short positions in Swiss franc got declined by 2,095 contracts to -14.5K contracts. Shorts declined for a fourth consecutive week.
• Short positions in the Japanese yen declined by 4,474 contracts last week that pushed the net position to -50.5K contracts.

Shorts increased:

• The short positions in the British Pound increased for the third consecutive week and by 2,725 contracts that pushed the net position to -39.4K contracts.
• The short position in the Australian dollar increased by 1,397 contracts that pushed the net position to -1.5K contracts.

Long positions increased:

• Mexican peso registered the biggest increase in the long positions among peers last week as long positions got increased by 10,993 contracts to +95.8K contracts. Long positions increased for a third consecutive week.
• The long positions in the euro increased by 5,044 contracts last week that pushed the net position to +79K contracts. Long positions increased for a sixth consecutive week.

Position shifted from short to long:

• The short positions in Kiwi decreased in such a fashion by 3,380 contracts that the net position shifted from a short to a long. The current position stands at -1.6K contracts.