NexusFi: Find Your Edge


Home Menu

 





U.S. dollar net longs at highest in more than two years


Discussion in Traders Hideout

Updated
    1. trending_up 749 views
    2. thumb_up 1 thanks given
    3. group 0 followers
    1. forum 0 posts
    2. attach_file 0 attachments




 
Search this Thread

U.S. dollar net longs at highest in more than two years

  #1 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

Speculators boosted bullish bets on the U.S. dollar in the latest week to their highest in more than two years, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net long position soared to $30.40 billion in the week ended Aug. 19, from $27 billion the previous week. That was the highest net long in the U.S. dollar since June 2012.

To be long a currency is taking a view it will rise, while being short is a bet its value will decline.

The jump in dollar net longs was a result of upbeat U.S. economic data such as U.S. housing numbers released earlier this week, culminating in the release on Wednesday of hawkish minutes of the latest Federal Reserve meeting. The U.S. data plus the minutes backed expectations that the first U.S. interest rate hike since the global financial crisis could be less than a year away.

The Reuters calculation for the aggregate U.S. dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

One of the things that stood out in the report was the increase in euro shorts to 138.825 contracts, which is the highest net short since July 2012, an offshoot of the European Central Bank's easy monetary stance.

U.S. dollar net longs at highest in more than two years: CFTC, Reuters | Reuters

Started this thread Reply With Quote
Thanked by:





Last Updated on August 22, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts