{"id":40939,"date":"2014-04-27T10:36:52","date_gmt":"2014-04-27T14:36:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=40939"},"modified":"2014-04-27T10:37:40","modified_gmt":"2014-04-27T14:37:40","slug":"forex-cot-speculators-increase-bets-us-dollar-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2014\/04\/27\/forex-cot-speculators-increase-bets-us-dollar-last-week\/","title":{"rendered":"Currency Speculators increased bets against US Dollar last week for 3rd week"},"content":{"rendered":"

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 continued to decrease their bets in the US dollar last week as overall US dollar positions fell to their lowest level since October.<\/span><\/p>\n

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling -$1.58 billion as of Tuesday April 22nd, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of -$0.41 billion from the -$1.17 billion total short position that was registered on April 15th, according to Reuters 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

Last week’s data marks the highest short position in the US dollar since October 29th 2013 when bearish positions equaled -$3.14 billion.<\/span><\/p>\n

For the week, speculators increased their bets in favor of the Japanese yen, Australian dollar and the New Zealand dollar while there was weekly declines for the euro, British pound sterling, Swiss franc, Canadian dollar and the Mexican peso.<\/span><\/p>\n

\"Cot-Standing\"<\/a><\/p>\n

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