{"id":72220,"date":"2015-05-09T20:47:32","date_gmt":"2015-05-10T00:47:32","guid":{"rendered":"http:\/\/countingpips.com\/?p=72220"},"modified":"2015-05-09T20:47:32","modified_gmt":"2015-05-10T00:47:32","slug":"large-currency-speculators-cut-their-us-dollar-bullish-bets-for-6th-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/large-currency-speculators-cut-their-us-dollar-bullish-bets-for-6th-week\/","title":{"rendered":"Large Currency Speculators cut their US Dollar bullish bets for 6th week"},"content":{"rendered":"
May 9, 2015<\/div>
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By CountingPips.com<\/strong><\/span><\/p>\n

US Dollar net speculator positions fell last week to +$32.25 billion<\/span><\/strong><\/h3>\n

\"REUTERS-SpecData\"<\/a>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 currency speculators decreased their overall net bullish positions for the US dollar last week for a sixth consecutive week and to the lowest level since September 2014.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $32.25 billion as of Tuesday May 5th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly change of -$2.50 billion from the $34.75 billion total long position that was registered on April 28th, 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 latest data puts the US dollar speculative level at a new lowest level since September 16th when net positions equaled $31.42 billion.<\/span><\/p>\n

Weekly Speculator Contract Changes:<\/span><\/strong><\/p>\n

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

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Notable Changes:<\/strong><\/span><\/p>\n