By Gertrude Chavez-Dreyfuss

NEW YORK, (Reuters) – Speculators’ net long position on the U.S. Dollar rose over the last week according to data from Reuters and the U.S. Commodity Futures Trading Commission. The figures were released Friday.

For the week that ended April 26, the dollar’s net position rose to $13.92 billion, from $12.91 trillion the previous week. This week’s U.S. Dollar net long positioning was the highest since April early and also the first in four weeks.

In April 2015, the dollar saw a sharp increase in value. It climbed nearly 5% to its highest monthly percentage gain since January 2015.

Scotiabank reported that there were some surprising data points in the data. This suggests that investors may not have participated fully in the USD’s nearly 5% rally in the last month.

In the middle of war in Ukraine, the greenback has been able to benefit from safe-haven offers. These have also been lifted by increased U.S. interest rate as the Federal Reserve begins an aggressive tightening cycle in order to eliminate inflation.

Also, data showed that the number of euro net shorts dropped to 22,201 contracts during the last week. This was surprising considering the risks associated with the euro zone’s geopolitical monetary policies. In April, single European currency fell 4.7%. This is its worst month performance since January 2015.

The largest net position of bitcoin futures since its launch in 2018 was their biggest ever. According to CFTC data, net longs rose to 412 bitcoin contracts in week 26. This was compared to net shorts that were 194 the previous week.

The $37,000 to $40,000 mark is where it has remained, thanks to the Ukraine war, high inflation and Fed rate increases. This cryptocurrency, which is the world’s most valuable in terms of market capitalization, has been more risk-averse than usual.

This year bitcoin is down roughly 17% in comparison to the dollar. Last time it was down 3.1% to $38,532.

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

$9.387 Billion

26 April 2022 Previous week

Week

Long 12,723 14,269

Short 109.804 119.910

Net -95 535 -107,187

EURO (Contracts for 125,000 Euros)

$-2.952 Billion

26 April 2022 Previous week

Week

Long 222 993 221,003

Short 200.792 189.702

Net 22201 31301

POUNDSTERLING (Contracts for 62,500 Pounds Sterling)

$5.47 Billion

26 April 2022 Previous week

Week

Long 40,436 38,811

Short 110,057 95.725

Net -69.621 –58.914

SWISSFRANC (Contracts for 125,000 Swiss Francs

$1.671 billion

26 April 2022 Previous week

Week

LONG 4,455 2900

Short 17324 14350

Net -12.869 -11.450

CANADIAN DOLLAR (Contracts for 100,000 Canadian Dollars)

$-1.628 trillion

26 April 2022 Previous week

Week

Long 48.787 44.063

Short 27906 228337

Net 20,881 21226

AUSTRALIAN DOLLAR (Contracts over 100,000 USD)

$1.969 trillion

26 April 2022 Previous week

Week

Long 47.105 39.201

Short 74.756 68.038

Net -27.651 and -28.837

MEXICANPESO (Contracts for 500,000 Pesos).

$-0.4933 billion

26 April 2022 Previous week

Week

Long 67.389 73.710

Kurz 47,263 52.046

Net 20,126 21,664

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

$-0.004 Billion

26 April 2022 Previous week

Week

Long 22.085 19.001

Kurz 22,019 18,716

Net 66