Speculators' net long USD bets grow, Sterling shorts shrink -CFTC, Reuters



NEW YORK, Sept 30 (Reuters) - Speculators' net long bets on the U.S. dollar edged higher 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 $10.43 billion for the week ended Sept. 27, compared with a net long position of $10.23 billion last week.

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.

CFTC data also showed speculators' net short bets on the British pound shrank to 46,424 contracts, down from a net short position of 54,843 contracts, a week ago.

Sterling fell to a record low against the dollar on Monday, before recovering some ground to after the Bank of England said it would step in to calm the turbulence in the UK government bond market.

GBP=

Japanese yen net shorts increased slightly in the latest week to 82,556 contracts, up from 81,280 contracts, the largest short position since early June. Among the major currencies, the yen has struggled the most against the dollar as the Bank of Japan remains the only central bank that is not in a tightening mode. The yen is down 20.5% for the year. JPY=

JAPANESE YEN (Contracts of 12,500,000 yen)

27 Sep 2022

Prior week

week

Long

22,706

34,767 Short

105,262

116,047 Net

-82,556

-81,280 EURO (Contracts of 125,000 euros)

27 Sep 2022

Prior week

week

Long

208,736

206,564 Short

174,939

173,115 Net

33,797

33,449 POUND STERLING (Contracts of 62,500 pounds sterling)

27 Sep 2022

Prior week

week

Long

59,831

41,289 Short

106,255

96,132 Net

-46,424

-54,843 SWISS FRANC (Contracts of 125,000 Swiss francs)

27 Sep 2022

Prior week

week

Long

7,681

8,167 Short

13,411

14,907 Net

-5,730

-6,740 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

27 Sep 2022

Prior week

week

Long

33,677

47,913 Short

51,343

45,857 Net

-17,666

2,056 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

27 Sep 2022

Prior week

week

Long

39,006

38,797 Short

73,659

79,353 Net

-34,653

-40,556 MEXICAN PESO (Contracts of 500,000 pesos)

27 Sep 2022

Prior week

week

Long

87,723

96,671 Short

129,045

124,704 Net

-41,322

-28,033 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)

27 Sep 2022

Prior week

week

Long

12,287

11,646 Short

23,758

24,235 Net

-11,471

-12,589
Reporting by Saqib Iqbal Ahmed; Editing by Richard Chang

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