December 21, 2018 / 9:08 PM / 6 months ago

UPDATE 1-Speculators' net long dollar bets grow in latest week -CFTC, Reuters

 (Adds details, table)
    NEW YORK, Dec 21 (Reuters) - Speculators' net long bets on
the U.S. dollar rose in the latest week, according to
calculations by Reuters and Commodity Futures Trading Commission
data released on Friday.
    The value of the net long dollar position was $29.72 billion
in the week ended Dec. 18, up from $28.48 billion the previous
week. Speculators have been net long on dollars since the middle
of June. 
    The value of the net long dollar position rose to a near
two-year high of $31.12 billion earlier in December.

    To be long on a currency means traders believe it will rise
in value, while being short points to a bearish bias.
    U.S. dollar positioning was derived from net contracts of
International Monetary Market speculators in the yen, euro,
British pound, Swiss franc, and Canadian and Australian dollars.
    The dollar gained on Friday as investors sought the
currency's safety amid persistent equity market volatility and a
possible U.S. government shutdown.
    The dollar index, which measures the value of the greenback
against a basket of six foreign currencies, rose 0.79 percent to
97.036.
    For the week, the index was still down 0.4 percent. The
dollar tumbled hard this week after the Federal Reserve signaled
fewer interest rate hikes over the next two years and expressed
caution about the U.S. economic outlook.    
    Speculators boosted their net short position on bitcoin Cboe
future contracts to 1,342 contracts, up from a net short
position of 913 contracts, the data showed.
    Bitcoin rallied about 19 percent this week, hitting $4,000
for the first time in more than two weeks after losing half its
value in six weeks to mid-December.
    
JAPANESE YEN (Contracts of 12,500,000 yen) 
 $10.762 billion
         18 Dec 2018            Prior week
         week             
 Long             26,957            25,495
 Short           129,728           123,101
 Net            -102,771           -97,606
 
EURO (Contracts of 125,000 euros)
 $7.96 billion
         18 Dec 2018            Prior week
         week             
 Long            147,654           146,082
 Short           200,778           202,369
 Net             -53,124           -56,287
 
POUND STERLING (Contracts of 62,500 pounds sterling)
 $3.31 billion
         18 Dec 2018           Prior week
         week             
 Long             29,162           47,649
 Short            89,885           90,068
 Net             -60,723          -42,419
 
SWISS FRANC (Contracts of 125,000 Swiss francs)
 $2.299 billion
         18 Dec 2018           Prior week
         week             
 Long              8,437           16,858
 Short            31,363           35,125
 Net             -22,926          -18,267
 
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
 $0.872 billion
         18 Dec 2018           Prior week
         week             
 Long             51,566           41,672
 Short            59,023           53,341
 Net              -7,457          -11,669
 
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
 $3.281 billion 
         18 Dec 2018           Prior week
         week             
 Long             17,970           14,520
 Short            53,039           60,051
 Net             -35,069          -45,531
 
MEXICAN PESO (Contracts of 500,000 pesos)
 $-0.283 billion
         18 Dec 2018           Prior week
         week             
 Long             49,996           66,195
 Short            50,765           54,753
 Net                -769           11,442
 
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)
 $1.048 billion 
         18 Dec 2018           Prior week
         week             
 Long             18,820           19,127
 Short            15,409           34,368
 Net               3,411          -15,241
 

 (Reporting by Saqib Iqbal Ahmed, editing by Rosalba O'Brien and
Jonathan Oatis)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below