Currency Speculators cut Euro Long Positions. Yen Longs rise.
By CountingPips.com
The latest Commitments of Traders (COT) report, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that large futures speculators trimmed their long positions of the euro against the US dollar to their lowest level since January while staying overall bearish on the British pound sterling. Non-commercial futures positions, those taken by hedge funds and large money speculators, added to their positions in favor of the Japanese yen, British pound sterling, Australian dollar, Canadian dollar, Mexican peso, New Zealand dollar and the Swiss franc directly against the US dollar while decreasing their bets for the euro, according to data on July 12th.
This week’s notable changes were euro positions declining to the lowest level since January while New Zealand dollar positions continued to rise and increased to their highest level since November 2010.
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