![\"cot-values\"](\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/06\/cot-values2.gif\")
<\/a><\/p>\n\n
\n
The weekly Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures traders sharply cut their total bullish bets of the US dollar last week and decreased their holdings for a second consecutive week.<\/p>\n
Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, pulled back on their overall US dollar long positions to a total of $28.28 billion as of Tuesday June 11th. This was a decrease from a total long position of $39.12 Billion registered on June 4th, according to position calculations by Reuters that derives this total by the amount of US dollar positions against the combined positions of euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.<\/p>\n
On May 28th, US dollar long positions reached their highest level on record (Reuters data) with a total of $43.77 billion before retreating.<\/p>\n
<\/p>\n
See the Full COT Currencies Report & Charts….<\/a><\/strong><\/span><\/p>\n The US dollar fell sharply across the board against the other major currencies last week in the forex trading action. The American currency continued to decline for a fourth straight week against the euro, the Swiss franc and the Japanese yen while falling against the British pound sterling for a third week. Against the commodity currencies, the the US dollar declined against the Canadian dollar for a second straight week while the Australian and the New Zealand dollars finally staged a rebound from their five-week bearish trends and recorded weekly increases.<\/p>\n <\/p>\n See the Full Report and Currency Pair Levels Commentary…<\/span><\/strong><\/a><\/p>\n <\/p>\n Monday, June 17<\/strong><\/p>\n Canada \u2014 existing home sales<\/p>\n Tuesday, June 18<\/strong><\/p>\n Australia \u2014 reserve bank meeting minutes Wednesday, June 19<\/strong><\/p>\n Switzerland \u2014 ZEW survey report Thursday, June 20<\/strong><\/p>\n Switzerland \u2014 interest rate decision Friday, June 21<\/strong><\/p>\n Canada \u2014 consumer price index
\n
\n
\nUS Dollar dropped Across the Board last week to Major Currencies<\/h2>\n
\n
\n<\/a><\/p>\n
\n
\n
\n
\nThis Week\u2019s Economic Calendar highlights:<\/strong><\/h2>\n
\nUnited Kingdom \u2014 producer price index
\nUnited Kingdom \u2014 consumer price index
\nUnited Kingdom \u2014 retail price index
\neuro zone \u2014 German ZEW report
\nUnited States \u2014 consumer price index
\nUnited States \u2014 housing starts and building permits
\nJapan \u2014 trade balance<\/p>\n
\nUnited Kingdom \u2014 bank of England minutes
\nUnited States \u2014 FOMC interest rate decision<\/strong><\/span>
\nNew Zealand \u2014 GDP report<\/p>\n
\nSwitzerland \u2014 trade balance report
\nChina \u2014 HSBC manufacturing PMI
\nJapan \u2014 leading index\/coincident index
\neuro zone \u2014 purchasing managers indexes
\nUnited States \u2014 weekly jobless claims
\nUnited States \u2014 Philadelphia Fed reserve survey
\nUnited States \u2014 leading indicators
\nUnited States \u2014 existing home sales<\/p>\n
\nCanada \u2014 BOC consumer price report
\nCanada \u2014 monthly retail sales<\/p>\n