As suggested in the CFTC Commitments of Traders report in the week ended March 26, NET LENGTH in USD Index fell as both speculative long and short positions dropped. NET LENGTH for USD index slipped -650 contracts, to 25 285. All major currencies were in NET SHORT positions.
Concerning European currencies, NET SHORT for euro futures gained +2 574 contracts to 80 278. Traders trimmed long bets but added shorts. Dovish comments by ECB officials have dented hopes of a stronger single currency. NET SHORT for GBP futures declined -5 192 contracts to 8 582. Speculative long positions jumped +3 481 contracts while speculative shorts dropped -1 711 contracts for the week.On safe-haven currencies, Net SHORT for CHF futures gained +106 contracts to 27 295. NET SHORT for JPY futures gained +2 900 contracts to 62 121 during the week. Bets fell on both sides.On commodity currencies . NET SHORT for AUD futures rose +1 768 contracts to 53 670. Speculative long positions added +2 366 contracts while shorts rose +4 134 contracts. NET SHORT for NZD dropped -922 contracts last week, with both speculative long and shorts position increased last week. NET SHORT for CAD futures declined +8 203 contracts to 39 571.