Speculators’ net long bets on U.S. dollar trimmed -CFTC, Reuters
By Saqib Iqbal Ahmed
NEW YORK (Reuters) – Speculators’ internet lengthy bets on the U.S. greenback fell for a 3rd straight week, in line with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee knowledge launched on Friday.
The worth of the online lengthy greenback place was $12.91 billion for the week ended April 19. Final week, speculators’ internet lengthy place stood at $13.22 billion.
U.S. greenback positioning was derived from internet contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian {dollars}.
Thus far this yr, the greenback index, a measure of the buck’s worth towards six main currencies, has gained 5.7%, after a 6.3% rise in 2021.
The greenback has benefited from safe-haven flows following the struggle in Ukraine, in addition to expectations of aggressive Federal Reserve tightening to manage the surge in inflation.
The months-long rally has left some traders questioning if the U.S. foreign money could also be near hitting a near-term peak.
On Friday, the greenback rose to a greater than two-year excessive, persevering with to attract assist from Federal Reserve Chair Jerome Powell’s feedback on Thursday that appeared to again a half a proportion level tightening at subsequent month’s coverage assembly, in addition to his remarks on a possible consecutive charge hikes this yr.
Japanese Yen (Contracts of 12,500,000 yen)
$10.394 billion
19 Apr 2022 Prior week
week
Lengthy 12,723 9,925
Quick 119,910 121,752
Web -107,187 -111,827
EURO (Contracts of 125,000 euros)
$-4.22 billion
19 Apr 2022 Prior week
week
Lengthy 221,003 221,645
Quick 189,702 182,585
Web 31,301 39,060
POUND STERLING (Contracts of 62,500 kilos sterling)
$4.785 billion
19 Apr 2022 Prior week
week
Lengthy 36,811 35,514
Quick 95,725 88,568
Web -58,914 -53,054
SWISS FRANC (Contracts of 125,000 Swiss francs)
$1.504 billion
19 Apr 2022 Prior week
week
Lengthy 2,900 1,642
Quick 14,350 15,584
Web -11,450 -13,942
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
$-1.682 billion
19 Apr 2022 Prior week
week
Lengthy 44,063 37,724
Quick 22,837 25,566
Web 21,226 12,158
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie {dollars})
$2.125 billion
19 Apr 2022 Prior week
week
Lengthy 39,201 39,770
Quick 68,038 68,485
Web -28,837 -28,715
MEXICAN PESO (Contracts of 500,000 pesos)
$-0.541 billion
19 Apr 2022 Prior week
week
Lengthy 73,710 81,582
Quick 52,046 66,622
Web 21,664 14,960
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
$-0.025 billion
19 Apr 2022 Prior week
week
Lengthy 19,081 16,295
Quick 18,716 16,584
Web 365 -289
(Reporting by Saqib Iqbal Ahmed; Enhancing by Leslie Adler and Diane Craft)
