The Currency Report
IMM Currency Speculators cutting short Euro bets for the 4thweek in a row, latest CFTC data shows…
-Large speculators again trimmed net short Euro bets, down significantly from recent near-record levels.
-Large speculators net short positions in Yen may become larger than net short Euro if trend continues.
(Commitments of Traders Data)
CFTC data released Friday June19, 2015 shows large IMM currency speculators cut both short Euro and Yen positions by over 30%, with the Euro net short position dwindling from recent all-time record levels against the US dollar. Large speculators have held net short positions in most currencies (except Swiss Franc and Australian dollar) according to last week’s report. Nearly all of these were trimmed (except the Australian dollar) in the most recent data. The most recent Commitments of Traders data shows some significant percentage changes in non-commercial futures only net positions from the prior week including the following:
A minor 3.45% decrease from 12,720 to 12,281 contracts net short of the Canadian Dollar, which represents 0.37% of open interest;
A sharp 47.10% decrease from 10,129 to 5,358 contracts net long of the Swiss Franc, which represents 24.03% of open interest;
A small 10.05% decrease from 28,277 to 25,434 contracts net short of the British Pound Sterling, which represents 1.94% of open interest;
A massive 30.63% decrease from 116,286 to 80,664 contracts net short of the Japanese Yen, which represents 13.58% of open interest;
A significant 38.98% decrease from 134,974 to 82,357 contracts net short of the Euro, which represents 15.02% of open interest;
An important 128.85% reversal from net long 14,027 to short 4,048 contracts of the Australian Dollar, which represents 15.14% of open interest;
A trimming 15.05% decrease from 62,877 to 53,420 contracts net long of the US Dollar Index, which represents 10.97% of open interest;
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