Speculators cut net long US dollar bets in latest week

Speculators cut their net long U.S. dollar positions 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 was $5.80 billion in the week ended Feb. 22, compared with a net long of $6.76 billion the previous week.

The Reuters calculation for the aggregate U.S. dollar position is derived from net positions in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian rouble, the U.S. dollar posted a net long position of $5.06 billion, the lowest since Aug. 20, compared with a net long of $6.17 billion a week earlier.

Japanese Yen (Contracts of 12,500,000 yen)

Net dollar long by $6.863 billion

22 Feb 2022 Prior week

week

Long 10,976 10,425

Short 74,163 76,587

Net -63,187 -66,162

EURO (Contracts of 125,000 euros)

Net dollar short by $-8.396 billion

22 Feb 2022 Prior week

week

Long 214,195 217,899

Short 154,889 170,318

Net 59,306 47,581

POUND STERLING (Contracts of 62,500 pounds sterling)

Net dollar long by $0.493 billion

22 Feb 2022 Prior week

week

Long 42,249 50,151

Short 48,058 47,914

Net -5,809 2,237

SWISS FRANC (Contracts of 125,000 Swiss francs)

Net dollar long by $1.491 billion

22 Feb 2022 Prior week

week

Long 3,785 3,652

Short 14,772 13,367

Net -10,987 -9,715

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

Net dollar short by $-0.725 billion

22 Feb 2022 Prior week

week

Long 47,661 54,424

Short 38,408 42,254

Net 9,253 12,170

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

Net dollar long by $6.07 billion

22 Feb 2022 Prior week

week

Long 11,553 11,692

Short 95,633 98,386

Net -84,080 -86,694

MEXICAN PESO (Contracts of 500,000 pesos)

Net dollar short by $0.415 billion

22 Feb 2022 Prior week

week

Long 72,846 59,485

Short 56,021 50,511

Net 16,825 8,974

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

Net dollar long by $0.777 billion

22 Feb 2022 Prior week

week

Long 17,343 24,923

Short 28,894 34,256

Net -11,551 -9,333

(Reporting By Karen Brettell; editing by Jonathan Oatis and David Gregorio)