SPECULATIVE NET LONGS IN US DOLLAR INDEX STAY AT 6-MONTH HIGH

Published on Jul 01, 2024 12:24

Large currency market speculators in the US dollar futures are staying almost flat after reporting a sharp surge in their net long positions in the prior week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 17,522 contracts in the data reported through June 25, 2024, staying at its highest level since December 2023. This was a marginal weekly decline of 73 net long contracts.