NEW YORK (Reuters) – Speculators’ net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday.
The value of the net long dollar position was $2.36 billion for the week ended Nov. 8, compared with a net long position of $3.08 billion for the prior 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.
CFTC data on Monday also showed euro net longs rose in the latest week to 107,599 contracts, the most since June 2021, up from 105,790 contracts for the prior week.
The net short position in the Japanese yen slipped in the latest week to 75,258 contracts, down from a short position of 77,620 contracts.
JAPANESE YEN (Contracts of 12,500,000 yen)
08
Nov 2022 week Prior week
37,201 40,460
Long
112,459 118,080
Short
-75,258 -77,620
Net
EURO (Contracts of 125,000 euros)
08
Nov 2022 week Prior week
232,317 239,770
Long
124,718 133,980
Short
107,599 105,790
Net
POUND STERLING (Contracts of 62,500 pounds sterling)
08
Nov 2022 week Prior week
36,630 34,979
Long
76,365 79,815
Short
-39,735 -44,836
Net
SWISS FRANC (Contracts of 125,000 Swiss francs)
08
Nov 2022 week Prior week
4,865 6,612
Long
22,019 21,396
Short
-17,154 -14,784
Net
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
08
Nov 2022 week Prior week
39,586 38,522
Long
58,050 56,171
Short
-18,464 -17,649
Net
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
08
Nov 2022 week Prior week
33,288 34,148
Long
79,971 84,680
Short
-46,683 -50,532
Net
MEXICAN PESO (Contracts of 500,000 pesos)
08
Nov 2022 week Prior week
192,024 182,316
Long
132,410 138,271
Short
59,614 44,045
Net
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)
08
Nov 2022 week Prior week
18,085 21,115
Long
24,452 24,962
Short
-6,367 -3,847
Net
(Reporting by Saqib Iqbal Ahmed; Editing by Lisa Shumaker)