Saqib Iqbal Ahmad

NEW YORK, (Reuters) – Speculators’ net long bets against the U.S. Dollar fell for the third consecutive week according to data from Reuters and U.S. Commodity Futures Trading Commission. The figures were released Friday.

The week ended April 19th saw a net long-dollar position of $12.91 billion. Last week’s net long position for speculators stood at $13.22 trillion.

U.S. dollar position was calculated from net contracts in international Monetary Market speculators for the Japanese yen and euro as well as British pound and Swiss franc.

The, which measures the value of the greenback against six major currencies has gained 5.7% so far in 2018, after an increase of 6.3% in 2021.

After the conflict in Ukraine, safe-haven flow has helped the dollar. There are also expectations that the Federal Reserve will tighten to contain inflation.

Some investors are wondering whether the U.S. dollar may soon reach a peak after months of rally.

Friday’s dollar rally reached a two-year high. Federal Reserve Chairman Jerome Powell’s Thursday comments that seemed to favor a half percentage point tightening next month, and his remarks about possible rate increases this year, continued to be supportive.

Japanese Yen (Contracts for 12,500,000 yen).

$10.394 Billion

19. April 2022 Previous week

Week

Long 12,723 9,925

Short 119.910 121.752

Net -107.187 -111.827

EURO (Contracts up to 125,000 euro)

$-4.22 trillion

19 April 2022 Prior Week

Week

Long 221,003 221,645

Short 189.702 182,585

Net 31,301 39.060

POUND STERLING: Contracts worth 62,500 pounds sterling

$4.785 Billion

19 April 2022 Prior Week

Week

LONG 36,811 35 514

Short 95.725 88.568

Net -58.914 –53.054

CONTRACTS OF 125,000 Swiss Francs (SWISS FRANC)

$1.504 Billion

19. April 2022 Previous week

Week

Long 2,900 1,642

Short 14.350 15.584

Net -11.450-13.942

CANADIAN DOLLAR – Contracts worth 100,000 Canadian dollars

$-1.682 Billion

19 April 2022 Prior Week

Week

Long 44.063 37.724

Short 22.837 25.566

11,158

AUSTRALIAN DOLLAR (Contracts up to 100,000 Dollars)

$2.125 Billion

19 April 2022 Prior Week

Week

39,201 Long 39.770

Short 68.038 68.485

Net -28.837/-28.715

MEXICANPESO (Contracts for 500,000 Pesos).

$-0.541 trillion

19 April 2022 Prior Week

Week

Long 73.710 81.582

Short 52.046 66.622

Net 21664 14.960

NEW ZEALAND DOLLAR – Contracts up to 100,000 New Zealand dollars

$-0.025 Billion

19 April 2022 Prior Week

Week

Long 19081 16295

Short 16,716 16,584

Net 365