NEW YORK (Reuters) -Speculators’ net long bets on the U.S. dollar fell in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.
The value of the net long dollar position was $18.46 billion for the week ended July 26, compared with a net long position of $18.98 billion, last week.
U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.
The U.S. dollar has risen about 11% against a basket of currencies this year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback’s safe-haven appeal.
A mix of profit-taking and a strong rebound in investors’ appetite for riskier currencies in recent weeks, however, has sapped some of the dollar’s allure.
On Friday, the dollar index slipped to a near four-week low.
JAPANESE YEN (Contracts of 12,500,000 yen)
$5.613 billion
26 Jul 2022 Prior week
week
Long 43,812 42,880
Short 105,293 102,105
Net -61,481 -59,225
EURO (Contracts of 125,000 euros)
$5.257 billion
26 Jul 2022 Prior week
week
Long 198,041 195,875
Short 239,625 238,620
Net -41,584 -42,745
POUND STERLING (Contracts of 62,500 pounds sterling)
$4.058 billion
26 Jul 2022 Prior week
week
Long 34,606 31,943
Short 88,596 89,193
Net -53,990 -57,250
SWISS FRANC (Contracts of 125,000 Swiss francs)
$1.467 billion
26 Jul 2022 Prior week
week
Long 8,138 6,948
Short 19,437 17,860
Net -11,299 -10,912
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
$-1.224 billion
26 Jul 2022 Prior week
week
Long 46,414 42,040
Short 30,645 35,373
Net 15,769 6,667
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
$3.288 billion
26 Jul 2022 Prior week
week
Long 30,024 30,578
Short 77,409 73,726
Net -47,385 -43,148
MEXICAN PESO (Contracts of 500,000 pesos)
$0.731 billion
26 Jul 2022 Prior week
week
Long 96,752 97,965
Short 126,650 128,725
Net -29,898 -30,760
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)
$0.261 billion
26 Jul 2022 Prior week
week
Long 17,311 15,791
Short 21,497 19,462
Net -4,186 -3,671
(Reporting by Saqib Iqbal Ahmed)
