Speculators' net short bets on dollar at near 4-month low - CFTC
|According to calculations by Reuters and Commodity Futures Trading Commission (CFTC) data released on Monday, net short bets on the US dollar slipped to the smallest position in nearly four months.
The value of the dollar's net short position was $1.92 billion, in the week to Nov. 7 vs. previous week's $3.37 billion.
Other notable changes in market positioning
The short position in low yielding currencies, the Japanese yen and Swiss franc, have grown over the last few weeks, tracking the rise in the treasury yields.
Reuters report says, "the net short position on the Japanese yen was at 127,848 contracts, or the largest since January 2014 and the net short position on the Swiss franc grew to 25,110 contracts, the largest since December 2016."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.