U.S. dollar net long bets slip, bitcoin futures surge-CFTC, Reuters data By Reuters
© Reuters. FILE PHOTO: 4 thousand U.S. {dollars} are counted out by a banker counting forex at a financial institution in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking
NEW YORK (Reuters) – Speculators’ internet lengthy positioning on the U.S. greenback slipped, after hitting their highest stage since late November within the earlier week, in accordance with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee information launched on Friday.
The worth of the web lengthy greenback place drifted decrease to $19.75 billion within the week ended Might 17, from $19.82 billion the earlier week.
The greenback has been underpinned general in latest months by safe-haven bids amid hovering inflation, a hawkish Federal Reserve and the Russia-Ukraine battle.
That rally, nonetheless, fizzled this week as a consequence of elevated volatility in world monetary markets after the lofty ranges the greenback had scaled in latest months.
futures, then again, posted their largest internet lengthy place for the reason that contract was launched in 2018.
For the week of Might 17, internet longs in bitcoin rose to 806 contracts, in contrast with internet longs of 703 contracts the earlier week, CFTC information confirmed.
Bitcoin , the biggest cryptocurrency by market worth, final fell 3.6% to $29,203, not removed from a December 2020 low of $25,400 it hit a couple of weeks in the past.
Japanese Yen (Contracts of 12,500,000 yen)
$9.884 billion
17 Might 2022 Prior week
week
Lengthy 12,113 11,196
Quick 114,422 121,650
Web -102,309 -110,454
EURO (Contracts of 125,000 euros)
$-2.681 billion
17 Might 2022 Prior week
week
Lengthy 230,770 228,230
Quick 210,431 211,701
Web 20,339 16,529
POUND STERLING (Contracts of 62,500 kilos sterling)
$6.186 billion
17 Might 2022 Prior week
week
Lengthy 26,613 29,469
Quick 105,854 109,067
Web -79,241 -79,598
SWISS FRANC (Contracts of 125,000 Swiss francs)
$2.088 billion
17 Might 2022 Prior week
week
Lengthy 5,240 4,727
Quick 21,832 20,490
Web -16,592 -15,763
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
$1.132 billion
17 Might 2022 Prior week
week
Lengthy 36,069 38,679
Quick 50,565 44,086
Web -14,496 -5,407
AUSTRALIAN DOLLAR (Contracts of 100,000 {dollars})
$3.138 billion
17 Might 2022 Prior week
week
Lengthy 41,473 36,869
Quick 86,115 78,583
Web -44,642 -41,714
MEXICAN PESO (Contracts of 500,000 pesos)
$-0.708 billion
17 Might 2022 Prior week
week
Lengthy 77,819 63,921
Quick 49,604 47,196
Web 28,215 16,725
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
$1.13 billion
17 Might 2022 Prior week
week
Lengthy 14,998 15,203
Quick 32,765 28,199
Web -17,767 -12,996
