-
Weekly COT Report: USD Bulls Trim Long Exposure To A 9 Week Low
Traders were net-long USD by $28.9 billion, down -$2.1 billion from the prior week ($32.1 billion against G10 currencies, down -$2.6 billion from the prior week). • Traders reduced bearish exposure on commodity currencies (AUD, CAD and NZD) • CHF futures saw its largest weekly change in 9 months, reducing bearish exposure by 11.3k contracts. USD: Net-long exposure has fallen to a 9-week low and, at -$2.1 billion lower for the week, its fastest pace of long-covering since mid-February. However, the US dollar index (DXY) has appreciated 0.85% since this report and appears determined to retest the 2019 highs. If it ... (full story)