Thread: increasing bets against US dollar

CFTC data released Friday October 1st. showed IMM currency speculators more than doubled their bets short the US dollar by 54.82% from $14.21 billion to $22 billion in the latest week ending September 28th, according to Reuters news. The recent Commitments of Traders data shows some significant percentage changes in speculative positions in the currencies from the prior week including the following;

a 24.1% increase from 23,100 to 28,666 contracts net long the Japanese Yen;

a 593.15% increase from 5,097 to 35,330 contracts net long the Euro;

a 75.59% decrease from 8,989 to 2,194 contracts net short the Pound Sterling;

a 38.25% increase from 14,462 to 19,993 contracts net long the Swiss Franc;

a 6.52% decrease from 29,815 to 27,870 contracts net long the Canadian dollar;

and a 8.1% increase from 64,324 to 69,533 contracts net long the Australian dollar.

EURO (Contracts of 125,000 euros)

9/28/10 week 9/21/10 week

Long 70,638 52,300

Short 35,308 47,203

Net 35,330 5,097


POUND STERLING (Contracts of 62,500 pounds sterling)

9/28/10 week 9/21/10 week

Long 26,725 17,858

Short 28,919 26,847

Net -2,194 -8,989


SWISS FRANC (Contracts of 125,000 Swiss francs)

9/28/10 week 9/21/10 week

Long 27,655 26,272

Short 7,662 11,810

Net 19,993 14,462

In light of what's going on with the GBP|USD I can certainly see why betting against the dollar is popular right now.

Originally Posted by ForexFrontier

In light of what's going on with the GBP|USD I can certainly see why betting against the dollar is popular right now.

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