USD bulls lost ground as the greenback corrected from its peak. As suggested in the CFTC Commitments of Traders report in the week ended October 2, NET LENGTH of USD index climbed mildly higher, by +27 contracts to 37 036 contracts. Both speculative long and short positions increased only marginally. During the week, the DXY index climbed +1.47%. The greenback rose against major currencies with the exception of Canadian dollar (CAD). The latter appreciated as Canada and the US made a preliminary deal on new trade relations.
All commodity currencies stayed in NET SHORT positions. NET SHORT for AUD futures slipped -343 contracts to 71 718 as traders trimmed bets on both sides. NET SHORT for NZD futures dropped -1 239 contracts to 30 596 while that for CAD futures declined -1 048 contracts to 18 484.