As suggested in the CFTC Commitments of Traders report in the week ended August 28, NET LENGTH of USD index added +449 contracts for 34 571 contracts for the week. Both speculative long and short positions dropped, suggesting the market was decisive about its outlook. during the reporting week, the DXY index slipped -0.57% while USD plunged -1.69% against the euro.
On safe-haven currencies, Net SHORT for CHF futures dropped -2 474 contracts to 44 744 while that for JPY futures fell -1 365 contracts to 46 041 during the week. USDCHF declined -1.26% during the reporting week. The strength in Swiss franc was largely driven by Turkish currency crisis which has lifted demand for safe haven assets.