Latest Commitment of Traders positions (FX) as at September 12th 2017

CFTC commitment of traders report was released on Friday (15th September) and cover positions up to Tuesday (12th September). 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 long in all currencies against the dollar except the British pound, Japanese yen, and the Swiss franc.

Shorts decreased:

• Short positions in the Japanese yen declined for an eighth consecutive week and by 15,648 contracts that pushed the net position to -57.3K contracts.
• British pound shorts declined last week by 6,842 contracts that pushed the net position to -46.1K contracts.
• Short positions in the Swiss franc decreased last week and by 857 contracts that pushed the net position to -1.3K contracts.

Long positions increased:

• The Mexican peso registered the biggest increase in the long positions among peers last week as long positions got increased by 3,386 contracts to +117K contracts. Long positions increased for a fifth consecutive week.

Long positions decreased:

• The long positions in the New Zealand dollar decreased last week for a sixth consecutive week and by 2,373 contracts, which pushed the net position to +12.3K contracts.
• The long positions in the Australian dollar decreased for a second consecutive week and by 1,871 contracts, which pushed the net position to +63K contracts.
• The long positions in the euro decreased last week and by 10,251 contracts to +86.1K contracts. 
• The long position in the Canadian dollar decreased last week and by 3,145 contracts, which pushed the net position to +50.5K contracts.