U.S. dollar net long bets slip, bitcoin futures surge-CFTC, Reuters data
NEW YORK (Reuters) – Speculators’ web lengthy positioning on the U.S. greenback slipped, after hitting their highest stage since late November within the earlier week, in keeping with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee information launched on Friday.
The worth of the online lengthy greenback place drifted decrease to $19.75 billion within the week ended Could 17, from $19.82 billion the earlier week.
The greenback has been underpinned total in current months by safe-haven bids amid hovering inflation, a hawkish Federal Reserve and the Russia-Ukraine battle.
That rally, nonetheless, fizzled this week because of elevated volatility in international monetary markets after the lofty ranges the greenback had scaled in current months.
Bitcoin futures, however, posted their largest web lengthy place for the reason that contract was launched in 2018.
For the week of Could 17, web longs in bitcoin rose to 806 contracts, in contrast with web longs of 703 contracts the earlier week, CFTC information confirmed.
Bitcoin BTC=BTSP, the most important cryptocurrency by market worth, final fell 3.6% to $29,203, not removed from a December 2020 low of $25,400 it hit just a few weeks in the past.
Japanese Yen (Contracts of 12,500,000 yen)
$9.884 billion
17 Could 2022 Prior week
week
Lengthy 12,113 11,196
Brief 114,422 121,650
Internet -102,309 -110,454
EURO (Contracts of 125,000 euros)
$-2.681 billion
17 Could 2022 Prior week
week
Lengthy 230,770 228,230
Brief 210,431 211,701
Internet 20,339 16,529
POUND STERLING (Contracts of 62,500 kilos sterling)
$6.186 billion
17 Could 2022 Prior week
week
Lengthy 26,613 29,469
Brief 105,854 109,067
Internet -79,241 -79,598
SWISS FRANC (Contracts of 125,000 Swiss francs)
$2.088 billion
17 Could 2022 Prior week
week
Lengthy 5,240 4,727
Brief 21,832 20,490
Internet -16,592 -15,763
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
$1.132 billion
17 Could 2022 Prior week
week
Lengthy 36,069 38,679
Brief 50,565 44,086
Internet -14,496 -5,407
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie {dollars})
$3.138 billion
17 Could 2022 Prior week
week
Lengthy 41,473 36,869
Brief 86,115 78,583
Internet -44,642 -41,714
MEXICAN PESO (Contracts of 500,000 pesos)
$-0.708 billion
17 Could 2022 Prior week
week
Lengthy 77,819 63,921
Brief 49,604 47,196
Internet 28,215 16,725
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
$1.13 billion
17 Could 2022 Prior week
week
Lengthy 14,998 15,203
Brief 32,765 28,199
Internet -17,767 -12,996
(Reporting by Gertrude Chavez-Dreyfuss; Modifying by Ken Ferris)
