As suggested in the CFTC Commitments of Traders report in the week ended June 26, bets for US dollar trimmed on both sides as the DXY index rose to a one-year higher on June 21. Speculative long positions for USD Index (DXY) futures added +586 contracts while shorts added +432 contracts, resulting in a Net LENGTH of 18 226 contracts, up mildly by +154 contracts from the prior week. The index slipped modestly during the period.
On safe-haven currencies. Net SHORT for CHF futures rose +6 074 contracts to 38 031, while that for JPY futures slipped -1 341 to 34 221 during the week.
All commodity currencies stayed in NET SHORT positions. NET SHORT for AUD futures dropped -2 121 contracts to 40 978, while that for NZD contracts rose +1 622 to 17 562 contracts. NET SHORT for CAD futures soared +18 785 contracts to 32 799, more than doubling that for the prior week. NZD and CAD were the only major currencies that weakened against the greenback during the reporting week.