-38th straight week of net long US dollar bets
-US dollar bets hit highest levels since at least 2008, $39.65 billion according to Reuters
-Large speculators again added to massive net short Euro bets, net shorts hit another record high
-Large speculators cut net long bets in Canadian dollar by over 50%, and added to bets short Australian dollar following last week’s reversal (from net long to net short)2012 06 12 Euro
CFTC data released Friday June 8th shows IMM currency speculators set another all-time record high net short level over 210,000 contracts net short! Also significant is the shift away from long bets in the Canadian dollar, following last week’s reversal to short in the Aussie dollar. The most recent Commitments of Traders data shows some significant percentage changes in speculative positions in the currencies from the prior week including the following:
Commitments of Traders Data
(Non-Commercial Net Position Data)
A sharp 56.26% decrease from 34,085 to just 14,906 contracts net long of the Canadian dollar;
A minor 3.45% decrease from 34,851 to 33,648 contracts net short of the Swiss Franc;
A significant 294.37% reversal from net long 1,475 to 2,897 contracts net short of the British Pound Sterling (following last weeks huge risk-off 86.99% decrease in net longs)
A slight 3.27% decrease from 11,690 to 12,703 contracts net short of the Japanese Yen;
A jump on the bandwagon 5.40% increase from 203,415 to another new all-time record 214,418 contracts net short of the Euro;
And an extremely important 44.03% increase from 35,527 to 51,172 contracts in net shorts of the Australian dollar, following last week’s reversal from long-term net long bets.
