{"id":59185,"date":"2014-08-23T16:51:44","date_gmt":"2014-08-23T20:51:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=59185"},"modified":"2014-08-23T16:51:44","modified_gmt":"2014-08-23T20:51:44","slug":"currency-speculators-boosted-us-dollar-bets-last-week-to-highest-level-since-june-2013","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/currency-speculators-boosted-us-dollar-bets-last-week-to-highest-level-since-june-2013\/","title":{"rendered":"Currency Speculators boosted US Dollar bets last week to highest level since June 2013"},"content":{"rendered":"
August 23, 2014<\/div>
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By CountingPips.com<\/strong><\/p>\n

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

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators boosted their bullish bets in favor of the US dollar last week to the highest dollar amount since June 2013.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $30.4 billion as of Tuesday August 19th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of +$3.4 billion from the $27.0 billion total long position that was registered on August 12th, according to the Reuters<\/span> 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 bullish position is now at the highest level since June 4th 2013 when speculators were long by $39.12 billion and the US dollar index was trading at approximately at 82.77. <\/span><\/p>\n

Overall Speculative Net Contracts<\/span><\/strong><\/p>\n

In terms of total speculative contracts, overall dollar contracts rose last week to +160,007 contracts as of Tuesday August 19th. This was a change by +15,265 contracts from the total of +144,742 contracts as of Tuesday August 12th. The total US dollar contracts calculation takes into account more currencies than the Reuters dollar amount total and is derived by adding the sum of each individual currencies net position versus the dollar. Currency contracts used in the calculation are the euro, British pound, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, New Zealand dollar and the Mexican peso.<\/span><\/p>

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

Major Currency Weekly Levels & Changes:<\/strong><\/span><\/p>\n

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

\"cot-standings\"<\/a>Notable changes on the week for the Major Currencies:<\/span><\/strong><\/p>\n