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.