U.S. dollar net long bets slip, bitcoin futures surge-CFTC, Reuters data -Breaking
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NEW YORK, (Reuters) – Speculators’ net long position on the U.S. Dollar fell after reaching their highest point since November, according to data from Reuters and the U.S. Commodity Futures Trading Commission.
From $19.82 billion last week, the value of the net short dollar position fell to $19.75billion in the week ending May 17.
Safe-haven bids, rising inflation, and an hawkish Federal Reserve have all helped to support the dollar in recent months.
However, this week’s rally was thwarted by volatility in global financial market after reaching lofty levels in recent months.
The futures on the other side posted their highest net long position since 2018 when the contract was first launched.
Net longs for bitcoin increased to 806 contracts during the week of May 17. This is compared to net longs that were 703 contracts last week, CFTC data revealed.
Bitcoin is the biggest cryptocurrency in terms of market value. It fell to $29203 last week. That’s not too far from the $25,400 low it experienced just a few short weeks ago.
Japanese Yen (Contracts up to 12,500,000 yen).
$9.884 trillion
17th May 2022 Previous week
Week
Long 12,113, 11,196
Short 114.422 121.650
Net -102.309 -110.454
EURO (Contracts up to 125,000 euro)
$-2.681 Billion
17th May 2022 Previous week
Week
Long 230,770 2288,230
Short 210.431 211.701
Net 23,339 16,529
POUND STERLING (Contracts up to 62,500 Sterling Pounds)
$6.186 trillion
17th May 2022 Previous week
Week
Long 26613 29469
Short 105.854109,067
Net 79,241-79,598
CONTRACTS OF 125,000 Swiss Francs (SWISS FRANC)
$2.088 Billion
17th May 2022 Previous week
Week
Long 4,727 5,240
21.832 20.490
Net -16.592 -15.763
CANADIAN DOLLAR (Contracts for 100,000 Canadian Dollars)
$1.132 trillion
17th May 2022 Previous week
Week
LONG 36,069 38.679
Short 50,565 44,586
Net -14.496 -5.407
AUSTRALIAN DOLLAR (Contracts up to 100,000 Dollars)
$3.138 Billion
17. May 2022, Prior Week
Week
Long 41.473 36.869
Short 86.115 78.583
Net -44.642 –41.714
MEXICAN PESO (Contracts worth 500,000 pesos).
$-0.708 Billion
17th May 2022 Previous week
Week
Long 77.819 63.921
48,604 Short 47,196
Net 28 215 16 725
NEW ZEALAND DOLLAR (Contracts for 100,000 New Zealand Dollars)
$1.13 Billion
17th May 2022 Previous week
Week
Long 14.998 15203
In Short: 32,765 29,199
Net -17.767 -12.996
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