Latest Commitment of Traders positions (FX) as at September 11th 2018

CFTC commitment of traders report was released on Friday (14th September) and cover positions up to Tuesday (11th September). COT report is not a complete presenter of entire market positions since the future market is relatively smaller compared to the spot FX market. Nevertheless, it presents a crucial picture of how key participants are looking at future moves.

Key highlights:

Market participants are net short in all currencies against the dollar except the Mexican peso.

Short positions decreased:

• The short positions in the Canadian dollar rose for a third consecutive week and by 635 contracts to -26.9K contracts.
• The short positions in the Swiss franc declined for the third consecutive week, and by 5,044 contracts to -35.4K contracts.
• The short positions in the British pound sterling declined by 8,434 contracts to -61.2K contracts.  
• The short positions in the New Zealand dollar declined last week and by 2,247 contracts to -22.6K contracts.

Short positions increased:

• The short positions in the Australian dollar rose for the first time in five weeks, and by 281 contracts to -44.3K contracts.
• The short positions in the Japanese yen rose for the second time in seven weeks and by 1,954 contracts to -53.9K contracts.

Long positions increased:

• The net long positions in the euro rose last week by 3,207 contracts to +11.2K contracts.
• The long positions in the Mexican Peso rose for the first time in five weeks and by 2,017 contracts to +14.6K contracts