Tuesday, August 16, 2011

CFTC: dollar shorts are cut by more than half

Data from the Commodity Futures Trading Commission released on Friday showed that currency speculators slashed their bets against the greenback by more than half to the lowest level since January.

The value of the dollar's net short position dropped to $11.61 billion in the week ended August 9 from $24.80 billion a week earlier.

The market has become more bearish on euro, while the number of longs on Australian dollar also decreased. Here’s the information on the positions on the major currencies. Data is taken from Reuters.

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

-6,835,268,552.15
 
          8/09/11 week         8/02/11 week
 
Long          53,386               78,855
Short         11,237               20,022
Net           42,149               58,833
 
EURO (Contracts of 125,000 euros) 1,485,830,800.00
 
          8/09/11 week         8/02/11 week
 
Long          49,029               58,313
Short         57,302               56,550
Net           -8,273                1,763
 
POUND (Contracts of 62,500 pounds sterling)
 
-24,979,281.25
 
          8/09/11 week         8/02/11 week
 
Long          41,290            43,266
Short         41,045            38,127
Net              245                5,139
 
SWISS FRANC (Contracts of 125,000 Swiss francs)
 
-805,474,806.20
  
        8/09/11 week         8/02/11 week
 
Long          14,449               25,593
Short          9,794               13,252
Net            4,655               12,341
 
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
 
-2,418,775,510.20
 
          8/09/11 week         8/02/11 week
 
Long          38,872               57,482
Short         15,168               16,445
Net           23,704               41,037
 
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
 
-3,008,088,720.00
 
          8/09/11 week         8/02/11 week
 
Long          40,840               91,352
Short         11,824               15,754
Net           29,016               75,598

 
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