Speculators' net long bets on U.S. dollar rose in latest week -CFTC, Reuters



By Saqib Iqbal Ahmed

NEW YORK, June 24 (Reuters) - Speculators' net long bets on the U.S. dollar rose in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $15.69 billion for the week ended June 21. Last week, speculators' net long position stood at $14.17 billion.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.

In a wider measure of dollar positioning NETUSDALL= that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian rouble, the greenback posted a net long position of $15.50 billion, up from $14.31 billion a week earlier.

The U.S. dollar has risen 9% against a basket of currencies this year, helped by a hawkish Federal Reserve and heightened geopolitical tensions that have boosted the greenback's safe-haven appeal. =USD

On Friday, the dollar slipped as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession.

JAPANESE YEN (Contracts of 12,500,000 yen) $5.349 billion

21 Jun 2022

Prior week

week

Long

35,864

32,441 Short

94,318

102,196 Net

-58,454

-69,755 EURO (Contracts of 125,000 euros) $2.053 billion

21 Jun 2022

Prior week

week

Long

195,554

206,986 Short

211,159

213,004 Net

-15,605

-6,018 POUND STERLING (Contracts of 62,500 pounds sterling) $4.851 billion

21 Jun 2022

Prior week

week

Long

28,470

29,343 Short

91,717

94,939 Net

-63,247

-65,596 SWISS FRANC (Contracts of 125,000 Swiss francs) $0.926 billion

21 Jun 2022

Prior week

week

Long

3,068

4,291 Short

10,225

11,099 Net

-7,157

-6,808 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $-0.318 billion

21 Jun 2022

Prior week

week

Long

42,260

56,550 Short

38,155

33,348 Net

4,105

23,202 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $2.83 billion

21 Jun 2022

Prior week

week

Long

31,745

31,660 Short

72,351

74,914 Net

-40,606

-43,254 MEXICAN PESO (Contracts of 500,000 pesos) $0.668 billion

21 Jun 2022

Prior week

week

Long

96,147

114,093 Short

123,017

140,474 Net

-26,870

-26,381 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $0.343 billion

21 Jun 2022

Prior week

week

Long

14,652

14,894 Short

20,075

21,732 Net

-5,423

-6,838
Reporting by Saqib Iqbal Ahmed; Editing by Leslie Adler and David Gregorio

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