U.S. dollar net longs rise; euro shorts hit biggest since February 2020 -CFTC, Reuters data



By Gertrude Chavez-Dreyfuss

NEW YORK, Aug 19 (Reuters) - Speculators' net long positioning on the U.S. dollar rose in the latest week, while net shorts on the euro increased, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position climbed to $13.37 billion in the week ended Aug. 16, from $12.97 billion the previous week, CFTC data showed. Net long dollar positions have increased for the first time in four weeks.

CFTC data further showed that euro net shorts jumped to 42,784 contracts, the largest since February 2020.

The Federal Reserve policy meeting in late July triggered a two-way flow in the dollar, even though the central bank raised policy rates by 75 basis points. Against the yen, the dollar on July 27 dropped to a three-week low, as the market viewed Fed Chair Jerome Powell's comments after the meeting as less hawkish.

Powell said based on the strength of employment, he did not believe the U.S. economy was in recession, and a recession was not necessarily required to tame super-heated inflation.

The minutes of the July meeting, however, suggested that the Fed will continue to raise interest rates at the next few meetings but the pace of the rate hikes will be data-dependent. The Fed minutes remained supportive for the dollar.

Since the Fed's July meeting, the dollar index has gained 1.8% =USD . Against the yen, the dollar has slightly eased. JPY=EBS .

"Despite signs of a potential split emerging within the FOMC (Federal Open Market Committee) about how high rates should go and some visible cracks in the economy, a full-blown recession still seems some way off and policymakers' resolve to contain inflation is indisputable," wrote Raffi Boyadjian, lead investment analyst, at forex broker XM.

"This is why Treasury yields have been able to recover from their lows ploughed at the start of the month, giving the US dollar, which has been benefiting from renewed safety flows, an extra helping hand."

In the euro zone, Europe's single currency is on a downward trajectory, as the region faced an acute energy crisis and rising risks of recession. Since the beginning of the year, the euro has plunged nearly 12% versus the dollar. It was last down 0.5% at $1.0039 EUR=EBS .

In cryptocurrencies, bitcoin net shorts slid to 93 contracts, from net short bets of 230 a week ago. This week's net shorts were the smallest since late January. From late April to early July, speculators were net long bitcoin.

On Friday, bitcoin dropped to a three-week low of $21,156 BTC=BTSP , it was last down 8.6% at $21,182.

Japanese Yen (Contracts of 12,500,000 yen) $2.691 billion

16 Aug 2022

Prior week

week

Long

51,308

52,333 Short

80,199

77,365 Net

-28,891

-25,032 EURO (Contracts of 125,000 euros) $5.439 billion

16 Aug 2022

Prior week

week

Long

199,226

200,088 Short

242,010

234,624 Net

-42,784

-34,536 POUND STERLING (Contracts of 62,500 pounds sterling) $2.502 billion

16 Aug 2022

Prior week

week

Long

44,084

42,219 Short

77,193

76,687 Net

-33,109

-34,468 SWISS FRANC (Contracts of 125,000 Swiss francs) $0.671 billion

16 Aug 2022

Prior week

week

Long

7,773

8,635 Short

12,869

18,417 Net

-5,096

-9,782 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $-2.092 billion

16 Aug 2022

Prior week

week

Long

51,843

46,898 Short

24,976

25,675 Net

26,867

21,223 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $4.16 billion

16 Aug 2022

Prior week

week

Long

28,835

25,644 Short

88,083

83,232 Net

-59,248

-57,588 MEXICAN PESO (Contracts of 500,000 pesos) $0.537 billion

16 Aug 2022

Prior week

week

Long

108,642

95,572 Short

130,013

123,193 Net

-21,371

-27,621 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $-0.112 billion

16 Aug 2022

Prior week

week

Long

18,412

18,224 Short

16,643

18,500 Net

1,769

-276
Reporting by Gertrude Chavez-Dreyfuss in New York Editing by Leslie Adler and Matthew Lewis

Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.

Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.

Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.

Usamos cookies para lhe dar a melhor experiência no nosso website. Ler mais ou alterar as configurações de cookies.

Aviso de risco: O seu capital está em risco. Os produtos alavancados podem não ser adequados para todos. Recomendamos que consulte a nossa Divulgação de Riscos.