Latest Commitment of Traders positions (FX) as at September 5th 2017

CFTC commitment of traders report was released on Friday (8th September) and cover positions up to Tuesday (5th 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 a seventh consecutive week and by 4,421 contracts that pushed the net position to -72.9K contracts.

Shorts increased:

• British pound short positions increased for a fourth consecutive week and by 1,372 contracts to -52.9K contracts.
• Short positions in the Swiss franc increased last week and by 393 contracts that pushed the net position to -2.2K 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 16,602 contracts to +113.6K contracts. Long positions increased for a fourth consecutive week.
• The long positions in the euro increased last week and by 9,790 contracts to +96.3K contracts. 
• The long position in the Canadian dollar increased last week and by 477 contracts, which pushed the net position to +53.6K contracts.

Long positions decreased:

• The long positions in the New Zealand dollar decreased last week for a fifth consecutive week and by 4,081 contracts, which pushed the net position to +14.7K contracts.
• The long positions in the Australian dollar decreased last week and by 1,623 contracts, which pushed the net position to +64.9K contracts.