Speculators net long bets on U.S. dollar trimmed -CFTC, Reuters

div classBodysc17zpet90 cdBBJodivpBy Saqib Iqbal Ahmedp

pNEW YORK Reuters – Speculators net long bets on the U.S. dollar fell for a third straight week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe value of the net long dollar position was 12.91 billion for the week ended April 19. Last week, speculators net long position stood at 13.22 billion.p

pU.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.p

pSo far this year, the dollar index, a measure of the greenbacks value against six major currencies, has gained 5.7, after a 6.3 rise in 2021.p

pThe dollar has benefited from safehaven flows following the war in Ukraine, as well as expectations of aggressive Federal Reserve tightening to control the surge in inflation.p

pThe monthslong rally has left some investors wondering if the U.S. currency may be close to hitting a nearterm peak.p

pOn Friday, the dollar rose to a more than twoyear high, continuing to draw support from Federal Reserve Chair Jerome Powells comments on Thursday that seemed to back a half a percentage point tightening at next months policy meeting, as well as his remarks on a likely consecutive rate hikes this year.p

pJapanese Yen Contracts of 12,500,000 yen p

p10.394 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 12,723 9,925 p

p Short 119,910 121,752 p

p Net 107,187 111,827 p

pEURO Contracts of 125,000 eurosp

p4.22 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 221,003 221,645 p

p Short 189,702 182,585 p

p Net 31,301 39,060 p

pPOUND STERLING Contracts of 62,500 pounds sterlingp

p4.785 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 36,811 35,514 p

p Short 95,725 88,568 p

p Net 58,914 53,054 p

pSWISS FRANC Contracts of 125,000 Swiss francsp

p1.504 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 2,900 1,642 p

p Short 14,350 15,584 p

p Net 11,450 13,942 p

pCANADIAN DOLLAR Contracts of 100,000 Canadian dollarsp

p1.682 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 44,063 37,724 p

p Short 22,837 25,566 p

p Net 21,226 12,158 p

pAUSTRALIAN DOLLAR Contracts of 100,000 Aussie dollarsp

p2.125 billion p

p 19 Apr 2022 Prior week p

p week p

p Long 39,201 39,770 p

p Short 68,038 68,485 p

p Net 28,837 28,715 p

pMEXICAN PESO Contracts of 500,000 pesosp

p0.541 billionp

p 19 Apr 2022 Prior week p

p week p

p Long 73,710 81,582 p

p Short 52,046 66,622 p

p Net 21,664 14,960 p

pNEW ZEALAND DOLLAR Contracts of 100,000 New Zealand dollarsp

p0.025 billion p

p 19 Apr 2022 Prior week p

p week p

p Long 19,081 16,295 p

p Short 18,716 16,584 p

p Net 365 289 p

p

pp Reporting by Saqib Iqbal Ahmed Editing by Leslie Adler and Diane Craftp

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