NEW YORK (Reuters] Speculators’ net long positions on the U.S. dollars fell during the week to the tune of calculations made by Reuters data and U.S. Commodity Futures Trading Commission data, which were published on Friday.

For the week ending April 5, the value of the net short dollar position fell to $14.13 trillion, from $16.11 million the previous week. The net U.S. dollar long position fell for the first week in five.

Based on net positions of International Monetary Market (IMM) speculators in Japanese yens, euros, British pounds, Swiss francs, and Canadian dollars, the U.S. dollar position was calculated.

The, which measures the value of the greenback against six major currencies has shown a 4.4% increase so far in 2018, following a 6.3% rise in 2021.

Safe-haven flows in Ukraine during war have been a boon for the greenback all year. Also, the expectation of an aggressive Federal Reserve tightening inflation control to curb the rise in inflation has helped the greenback.

U.S. rate forwards forecast a 85% chance for a 50-basis point increase at the May Meeting, and roughly 220 base points cumulatively in 2022.

Speculators decreased net short position on Bitcoin to 244 contracts during the week ended April 5th, compared to net shorts 271 for the same week, CFTC data revealed.

After a volatile last few months with the Ukraine conflict and rising inflation, it has stabilised above $40,000 It has behaved like a more volatile asset, the largest cryptocurrency by market capitalization.

This year bitcoin has seen a drop of more than 7.7% against the dollar. At $42,822, it was 1.5% lower.

Japanese Yen (Contracts up to 12,500,000 yen).

$10.501 Billion

Prior Week 05/04/2022

Week

Long 14583 15274

Short 118.412 or 117.405

Net -103 829 -102 131.

EURO (Contracts for 125,000 Euros)

$-3.73 trillion

Prior Week 05/04/2022

Week

Long 210.914 200.043

Short 183 544 178 669

Net 27,370 21,374

POUNDSTERLING (Contracts for 62,500 Pounds Sterling)

$3.41 billion

Prior Week 05/04/2022

Week

Long 35.873 30.624

Short 77.631 70.694

Net -41.758 -40.070

SWISSFRANC (Contracts for 125,000 Swiss Francs

$1.6666 Billion

Prior Week 05/04/2022

Week

Long 1,860 3292

Short 14-253 14.871

Net -12.393 -11.579

CANADIAN DOLLAR (Contracts for 100,000 Canadian Dollars)

$-0.555.55 Billion

Prior Week 05/04/2022

Week

Long 37.325 32.429

30-402 Short 33,964

Net 6,923 -1.535

AUSTRALIAN DOLLAR (Contracts up to 100,000 Dollars)

$2.843 Billion

Prior Week 05/04/2022

Week

Long 34.871 33.960

Short 72,384/83,566

Net -37.513 –49.606

MEXICANPESO (Contracts for 500,000 Pesos).

$-0.023 Billion

Prior Week 05/04/2022

Week

Long 78.728 75.081

Short 77.818 83.328

Net 910 = -8,247

NEW ZEALAND DOLLAR (Contracts for 100,000 New Zealand Dollars)

$0.109 billion

Prior Week 05/04/2022

Week

Long 15,428 15,504

Short 16997 16.371

Net 1,569-867