UPDATE 1-Speculators cut long dollar bets in latest week -CFTC, Reuters

(Adds context, news, table)
By Kate Duguid
NEW YORK, Sept 13 (Reuters) – Speculators reduced their
bullish bets on the U.S. dollar in the latest week, according to
calculations by Reuters and Commodity Futures Trading Commission
data released on Friday.
The value of the dollar’s net long position, derived from
net positions of International Monetary Market speculators in
the yen, euro, British pound, Swiss franc and Canadian and
Australian dollars, was $13.33 billion in the week to Sept. 10.
That compares with a net long position of $14.24 billion in
the previous period.
In a wider measure of dollar positioning that
includes net contracts on the Brazilian real and Russian ruble,
the U.S. dollar posted a net short position valued at $12.58
billion, down from $13.11 billion a week earlier.
Early this week, the dollar drifted lower as investor
appetite for higher risk currencies found support on a report of
German stimulus plans, diminishing chances of a no-deal Brexit
and hopes of a breakthrough in the U.S.-China trade war.
Since then, the dollar has fallen further as the euro has
gained following the European Central Bank’s decision on
Thursday to exempt euro zone banks from a penalty charge, which
analysts say will reduce the currency impact of new stimulus.
The ECB on Thursday cut its deposit rate to a record low
-0.5% from -0.4% and said it will restart bond purchases of 20
billion euros a month from November. The purchases will run for
as long as necessary and end shortly before it starts raising
the key ECB interest rates.

Japanese Yen (Contracts of 12,500,000 yen)
$-3.789 billion
10 Sep 2019 Prior week
week
Long 56,579 57,222
Short 23,988 29,540
Net 32,591 27,682

EURO (Contracts of 125,000 euros)
$6.88 billion
10 Sep 2019 Prior week
week
Long 180,535 186,144
Short 230,377 235,280
Net -49,842 -49,136

POUND STERLING (Contracts of 62,500 pounds sterling)
$7.117 billion
10 Sep 2019 Prior week
week
Long 37,903 38,695
Short 130,136 123,654
Net -92,233 -84,959

SWISS FRANC (Contracts of 125,000 Swiss francs)
$0.364 billion
10 Sep 2019 Prior week
week
Long 16,087 16,362
Short 18,979 22,201
Net -2,892 -5,839

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
$-0.876 billion
10 Sep 2019 Prior week
week
Long 54,971 48,206
Short 43,448 42,857
Net 11,523 5,349

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
$3.636 billion
10 Sep 2019 Prior week
week
Long 36,994 34,089
Short 90,008 93,407
Net -53,014 -59,318

MEXICAN PESO (Contracts of 500,000 pesos)
$-2.453 billion
10 Sep 2019 Prior week
week
Long 126,807 126,271
Short 31,170 34,480
Net 95,637 91,791

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)
$1.913 billion
10 Sep 2019 Prior week
week
Long 22,490 21,066
Short 52,280 51,742
Net -29,790 -30,676

(Reporting by Kate Duguid; Editing by David Gregorio and Tom
Brown)

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