USD bulls won ahead of the June FOMC meeting, as suggested in the CFTC Commitments of Traders report in the week ended June 19. Speculative long positions for USD Index (DXY) futures gained +2 267 contracts while shorts slumped -11 142 contracts, resulting in Net LENGTH of 18 072 contracts, up +13 409 contracts from the prior week. The index rose +1.36% during the week as the greenback strengthened against major currencies with the exception of Japanese yen.
All commodity currencies were in NET SHORT. NZD futures shifted to NET SHORT of 15 940 contracts. Meanwhile, NET SHORT for AUD futures more than doubled to 43 099 contracts while that for CAD futures decreased -974 contracts to 14 014 for the week. All three currencies weakened against US dollar during the week.