CFTC commitment of traders report review (FX)

CFTC commitment of traders report was released on Friday (15th September) and cover positions up to Tuesday (18th September). COT report is not a complete presenter of entire market positions, since future market is relatively smaller compared to Spot FX market. Nevertheless, it presents crucial picture on how key participants are looking at future moves.

Kindly note figures are rounded to next decimal.

Key highlights

Market participants are net short on all currencies against dollar, except for Franc.

Participants decreased net long position in US dollar by $2.17 billion to $22.76 billion. First increase in USD longs in three weeks.

Shorts increased

• Yen registered largest increase in net shorts, where shorts were increased by $2.09 billion to -$2.78 billion.
• Euro registered second largest net short increase by $0.48 billion to -$11.86 billion.

Shorts covered 

• Swiss Franc registered largest short covering by $1.37 billion to +$0.48 billion.
• Pound registered second largest decline in shorts by $1.35 billion to -$0.35 billion.
• Australian Dollar registered third largest decline in shorts by $0.83 billion to -$2.91 billion.
• New Zealand Dollar registered decline in shorts by $0.62 billion to -$0.13 billion.
• Mexican Peso shorts were reduced by $0.45 billion to -$1.66 billion.
• Canadian Dollar registered reduction in shorts by $0.13 billion -$3.55 billion.