CFTC commitment of traders report was released on Friday (14th June) and cover positions up to Tuesday (11th June). The 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 increased:
- The short positions in the Japanese yen rose by 776 contracts to -45.2K contracts.
Long position decreased:
- The long positions in the Mexican Peso declined by 22,914 contracts to +101.3K contracts.
Short positions decreased:
- The short positions in the euro declined by 759 contracts to -86.8K contracts.
- The short positions in the Australian dollar declined by 65 contracts to -63.2K contracts.
- The short positions in the British pound sterling declined by 2,961 contracts to -44.8K contracts.
- The short positions in the New Zealand dollar declined by 4,274 contracts to -16.1K contracts.
- The short positions in the Swiss franc declined by 11,277 contracts to -24.8K contracts.
- The short positions in the Canadian dollar declined last week by 8,919 contracts to -32.8K contracts.