CFTC commitment of traders report was released on Friday (21st 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 Canadian dollar declined last week by 5,231 contracts to -38.1K contracts.
- The short positions in the New Zealand dollar rose by 8,346 contracts to -24.5K contracts.
- The short positions in the Australian dollar rose by 1,637 contracts to -64.9K contracts
Long position decreased:
- The long positions in the Mexican Peso rose by 15,491 contracts to +116.8K contracts.
Short positions decreased:
- The short positions in the euro declined by 34,462 contracts to -52.3K contracts.
- The short positions in the British pound sterling declined by 7,763 contracts to -52.6K contracts.
- The short positions in the Swiss franc declined by 9,304 contracts to -15.5K contracts.
- The short positions in the Japanese yen rose by 28,600 contracts to -16.6K contracts.