{"id":53424,"date":"2014-06-28T14:51:55","date_gmt":"2014-06-28T18:51:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=53424"},"modified":"2014-06-28T14:51:55","modified_gmt":"2014-06-28T18:51:55","slug":"currency-speculators-trim-us-dollar-bets-for-2nd-week-cad-bets-boosted","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/currency-speculators-trim-us-dollar-bets-for-2nd-week-cad-bets-boosted\/","title":{"rendered":"Currency Speculators trim US Dollar bets for 2nd week, CAD bets boosted"},"content":{"rendered":"
June 28, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

\"cot-values\"<\/a><\/p>\n

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators slightly reduced their US dollar bullish bets for second consecutive week in the most recent data through June 24th.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $11.34 billion as of Tuesday June 24th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$0.85 billion from the $12.19 billion total long position that was registered on June 17th, according to the Reuters calculation that totals the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc.<\/span><\/p>\n

The aggregate US dollar position has been on the bullish side for a seventh consecutive week after turning bullish on May 13th.<\/span><\/p>\n

Overall changes on the week for the major currencies showed that large speculators bet in favor of the euro, Canadian dollar, Australian dollar and the New Zealand dollar while there were weekly decreases for the British pound sterling, Japanese yen, Swiss franc and the Mexican peso.<\/span><\/p>\n

\u00a0Individual Currency Standings:<\/strong><\/span><\/p>

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\"weekly-values\"<\/a><\/p>\n

Notable changes on the week:<\/strong><\/span><\/p>\n