As suggested in the CFTC Commitments of Traders report in the week ended July 14, NET SHORT for USD Index futures added +100 to 5 039 contracts. Speculative long positions slipped -13 contracts and short positions gained +87 contracts. Concerning European currencies, NET LENGTH in EUR futures soared +7 315 contracts to 110 912. NET SHORT for GBP futures dropped -2 822 contracts to 13 586 for the week. NET LENGTH will likely increase further in the coming week. The single currency has extended the rally for a fourth week. While ECB pledged to use the PEPP in full and extend the size if necessary, the market was optimistic about the pace of the recovery and stabilization of the coronavirus outbreak in the region.