{"id":41050,"date":"2014-05-11T12:05:41","date_gmt":"2014-05-11T16:05:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=41050"},"modified":"2018-06-05T23:44:15","modified_gmt":"2018-06-05T23:44:15","slug":"currency-speculators-added-us-dollar-short-bets-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2014\/05\/11\/currency-speculators-added-us-dollar-short-bets-last-week\/","title":{"rendered":"Currency Speculators added to Dollar short bets, USD marks new 2014 low level"},"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 added to their bearish bets of the US dollar last week and brought the overall USD position to the lowest level of the year.<\/p>\n

Non-commercial large futures traders, including hedge funds and large International Monetary Market speculators, had an overall US dollar short position totaling -$2.03 billion as of Tuesday May 6th, according to the latest data from the CFTC and calculations by Reuters. This was a weekly change of -$1.344 billion from the -$0.686 billion total short position that was registered on April 29th, 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.<\/p>\n

The USD position has now been on the bearish side for the past four weeks after having crossed over into bearish territory on April 15th. The current level is the most bearish level in the dollar since October 29th 2013 when the bearish position equaled -$3.15 billion.<\/p>\n

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

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

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