© Reuters. FILE PHOTO: Signage is seen outdoors of the US Commodity Futures Buying and selling Fee (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
By Saqib Iqbal Ahmed
NEW YORK (Reuters) -Speculators’ internet lengthy bets on the U.S. greenback edged greater within the newest week, in accordance with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee information launched on Friday.
The worth of the web lengthy greenback place was $10.21 billion for the week ended Oct. 18, in contrast with a internet lengthy place of $9.33 billion final week.
U.S. greenback positioning was derived from internet contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian {dollars}.
CFTC information additionally confirmed Japanese yen internet shorts elevated within the newest week to 94,336 contracts, the biggest brief place since late Might. Among the many main currencies, the yen has struggled essentially the most in opposition to the greenback because the Financial institution of Japan stays the one central financial institution that isn’t in a tightening mode. The yen has plummeted by practically 22% in opposition to the greenback this yr.
Japanese authorities doubtless intervened in markets to stem the slide of the nation’s battered foreign money on Friday, market members stated, following an sudden leap within the yen in opposition to the greenback.
Japanese Yen (Contracts of 12,500,000 yen)
18 Oct 2022 Prior week
week
Lengthy 30,583 30,149
Quick 124,919 107,542
Web -94,336 -77,393
EURO (Contracts of 125,000 euros)
18 Oct 2022 Prior week
week
Lengthy 202,703 196,136
Quick 154,553 158,637
Web 48,150 37,499
POUND STERLING (Contracts of 62,500 kilos sterling)
18 Oct 2022 Prior week
week
Lengthy 40,328 48,979
Quick 91,539 88,149
Web -51,211 -39,170
SWISS FRANC (Contracts of 125,000 Swiss francs)
18 Oct 2022 Prior week
week
Lengthy 7,052 5,501
Quick 14,138 11,391
Web -7,086 -5,890
CANADIAN DOLLAR (Contracts of 100,000 Canadian {dollars})
18 Oct 2022 Prior week
week
Lengthy 35,384 32,476
Quick 55,957 58,148
Web -20,573 -25,672
AUSTRALIAN DOLLAR (Contracts of 100,000 {dollars})
18 Oct 2022 Prior week
week
Lengthy 33,046 29,325
Quick 68,405 60,596
Web -35,359 -31,271
MEXICAN PESO (Contracts of 500,000 pesos)
18 Oct 2022 Prior week
week
Lengthy 133,432 120,239
Quick 155,726 153,893
Web -22,294 -33,654
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand {dollars})
18 Oct 2022 Prior week
week
Lengthy 10,328 11,894
Quick 28,773 30,936
Web -18,445 -19,042
