Speculators pare back net long U.S. dollar bets in latest week -CFTC, Reuters data
NEW YORK (Reuters) – Speculators’ web lengthy positioning on the U.S. greenback fell within the newest week, in line with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee knowledge launched on Friday.
The worth of the web lengthy greenback place slid to $14.13 billion for the week ended April 5, from $16.11 billion the earlier week. U.S. greenback web lengthy positioning declined for the primary time in 5 weeks.
The U.S. greenback positioning was derived from web contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, in addition to Canadian and Australian {dollars}.
Thus far this yr, the greenback index, a measure of the buck’s worth in opposition to six main currencies, has gained 4.4%, after a 6.3% achieve in 2021.
The buck has benefited all yr from safe-haven flows in the course of the struggle in Ukraine, in addition to expectations of aggressive Federal Reserve tightening to manage the surge in inflation.
U.S. charge futures have priced in an 85% likelihood of a 50 foundation level hike on the Might assembly, with roughly 220 foundation factors of cumulative hikes for 2022.
In cryptocurrencies, speculators decreased web brief positioning on bitcoin to 244 contracts within the week ending April 5, in contrast with web shorts of 271 the week, CFTC knowledge confirmed.
Bitcoin has stabilized above $40,000 after an up and down final couple of months, with the Ukraine struggle and hovering inflation as backdrop. The world’s largest cryptocurrency by way of market capitalization has behaved extra like a danger asset.
Thus far this yr, bitcoin has fallen greater than 7% versus the greenback. It was final down 1.5% at $42,822.
Japanese Yen (Contracts of 12,500,000 yen)
$10.501 billion
05 Apr 2022 Prior week
week
Lengthy 14,583 15,274
Brief 118,412 117,405
Internet -103,829 -102,131
EURO (Contracts of 125,000 euros)
$-3.73 billion
05 Apr 2022 Prior week
week
Lengthy 210,914 200,043
Brief 183,544 178,669
Internet 27,370 21,374
POUND STERLING (Contracts of 62,500 kilos sterling)
$3.411 billion
05 Apr 2022 Prior week
week
Lengthy 35,873 30,624
Brief 77,631 70,694
Internet -41,758 -40,070
SWISS FRANC (Contracts of 125,000 Swiss francs)
$1.666 billion
05 Apr 2022 Prior week
week
Lengthy 1,860 3,292
Brief 14,253 14,871
Internet -12,393 -11,579
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
$-0.555 billion
05 Apr 2022 Prior week
week
Lengthy 37,325 32,429
Brief 30,402 33,964
Internet 6,923 -1,535
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie {dollars})
$2.843 billion
05 Apr 2022 Prior week
week
Lengthy 34,871 33,960
Brief 72,384 83,566
Internet -37,513 -49,606
MEXICAN PESO (Contracts of 500,000 pesos)
$-0.023 billion
05 Apr 2022 Prior week
week
Lengthy 78,728 75,081
Brief 77,818 83,328
Internet 910 -8,247
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
$0.109 billion
05 Apr 2022 Prior week
week
Lengthy 15,428 15,504
Brief 16,997 16,371
Internet -1,569 -867
(Reporting by Gertrude Chavez-Dreyfuss; Modifying by David Gregorio)
