Speculators’ net long bets on USD trimmed -CFTC, Reuters

NEW YORK (Reuters) -Speculators’ net long bets on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $18.46 billion for the week ended July 26, compared with a net long position of $18.98 billion, last week.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.

The U.S. dollar has risen about 11% against a basket of currencies this year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback’s safe-haven appeal.

A mix of profit-taking and a strong rebound in investors’ appetite for riskier currencies in recent weeks, however, has sapped some of the dollar’s allure.

On Friday, the dollar index slipped to a near four-week low.

JAPANESE YEN (Contracts of 12,500,000 yen)

$5.613 billion

26 Jul 2022 Prior week

week

Long 43,812 42,880

Short 105,293 102,105

Net -61,481 -59,225

EURO (Contracts of 125,000 euros)

$5.257 billion

26 Jul 2022 Prior week

week

Long 198,041 195,875

Short 239,625 238,620

Net -41,584 -42,745

POUND STERLING (Contracts of 62,500 pounds sterling)

$4.058 billion

26 Jul 2022 Prior week

week

Long 34,606 31,943

Short 88,596 89,193

Net -53,990 -57,250

SWISS FRANC (Contracts of 125,000 Swiss francs)

$1.467 billion

26 Jul 2022 Prior week

week

Long 8,138 6,948

Short 19,437 17,860

Net -11,299 -10,912

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

$-1.224 billion

26 Jul 2022 Prior week

week

Long 46,414 42,040

Short 30,645 35,373

Net 15,769 6,667

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

$3.288 billion

26 Jul 2022 Prior week

week

Long 30,024 30,578

Short 77,409 73,726

Net -47,385 -43,148

MEXICAN PESO (Contracts of 500,000 pesos)

$0.731 billion

26 Jul 2022 Prior week

week

Long 96,752 97,965

Short 126,650 128,725

Net -29,898 -30,760

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)

$0.261 billion

26 Jul 2022 Prior week

week

Long 17,311 15,791

Short 21,497 19,462

Net -4,186 -3,671

(Reporting by Saqib Iqbal Ahmed)