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CFTC Commitments of Traders – Traders Trimmed Bets on EUR and GBP as Brexit is in Focus

As suggested in the CFTC Commitments of Traders report in the week ended October 15, NET LENGTH in USD Index dropped -2 423 contracts to 37 436. Speculative long positions fell -4 689 contracts and short positions slipped -2 266 contracts. Concerning European currencies, NET SHORT for EUR futures dropped -259 contracts to 75 154. NET SHORT for GBP futures slipped -267 contracts to 72 952. Traders trimmed their bets on both euro and British pound as Brexit is again under the spotlight.

On safe-haven currencies, Net SHORT for CHF futures gained +1 719 contracts to 12 766. JPY futures drifted to NET SHORT of 6 641 contracts. Risk appetite improved amidst optimism on US-China trade negotiations. On commodity currencies, NET SHORT for AUD futures added +661 contracts to 47 605. Speculative long positions dropped -1 166 contracts while shorts slid -505 contracts. Separately, NET SHORT for NZD rose 1 946 contracts to 40 163 contracts last week. NET LENGTH for CAD futures jumped +7 648 contracts to 12 961.

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