HomeForex UpdatesSpeculators' internet lengthy bets on U.S. greenback trimmed -CFTC, Reuters By Reuters

Speculators’ internet lengthy bets on U.S. greenback trimmed -CFTC, Reuters By Reuters


FILE PHOTO: U.S. greenback banknotes are displayed on this illustration taken, February 14, 2022. REUTERS/Dado Ruvic

By Saqib Iqbal Ahmed

NEW YORK (Reuters) – Speculators’ internet lengthy bets on the U.S. greenback fell for a 3rd straight week, based on calculations by Reuters and U.S. Commodity Futures Buying and selling Fee information launched on Friday.

The worth of the web lengthy greenback place was $12.91 billion for the week ended April 19. Final week, speculators’ internet lengthy place stood at $13.22 billion.

U.S. greenback positioning was derived from internet contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian {dollars}.

Thus far this yr, the , a measure of the buck’s worth in opposition to six main currencies, has gained 5.7%, after a 6.3% rise in 2021.

The greenback has benefited from safe-haven flows following the conflict in Ukraine, in addition to expectations of aggressive Federal Reserve tightening to regulate the surge in inflation.

The months-long rally has left some traders questioning if the U.S. foreign money could also be near hitting a near-term peak.

On Friday, the greenback rose to a greater than two-year excessive, persevering with to attract help from Federal Reserve Chair Jerome Powell’s feedback on Thursday that appeared to again a half a share level tightening at subsequent month’s coverage assembly, in addition to his remarks on a possible consecutive price hikes this yr.

Japanese Yen (Contracts of 12,500,000 yen)

$10.394 billion

19 Apr 2022 Prior week

week

Lengthy 12,723 9,925

Brief 119,910 121,752

Internet -107,187 -111,827

EURO (Contracts of 125,000 euros)

$-4.22 billion

19 Apr 2022 Prior week

week

Lengthy 221,003 221,645

Brief 189,702 182,585

Internet 31,301 39,060

POUND STERLING (Contracts of 62,500 kilos sterling)

$4.785 billion

19 Apr 2022 Prior week

week

Lengthy 36,811 35,514

Brief 95,725 88,568

Internet -58,914 -53,054

SWISS FRANC (Contracts of 125,000 Swiss francs)

$1.504 billion

19 Apr 2022 Prior week

week

Lengthy 2,900 1,642

Brief 14,350 15,584

Internet -11,450 -13,942

CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})

$-1.682 billion

19 Apr 2022 Prior week

week

Lengthy 44,063 37,724

Brief 22,837 25,566

Internet 21,226 12,158

AUSTRALIAN DOLLAR (Contracts of 100,000 {dollars})

$2.125 billion

19 Apr 2022 Prior week

week

Lengthy 39,201 39,770

Brief 68,038 68,485

Internet -28,837 -28,715

MEXICAN PESO (Contracts of 500,000 pesos)

$-0.541 billion

19 Apr 2022 Prior week

week

Lengthy 73,710 81,582

Brief 52,046 66,622

Internet 21,664 14,960

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})

$-0.025 billion

19 Apr 2022 Prior week

week

Lengthy 19,081 16,295

Brief 18,716 16,584

Internet 365 -289

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