CFTC Commitments of Traders – Traders Trimmed Bets on USD amidst Hopes of Recovery

As suggested in a CFTC Commitments of Traders news in a week finished Aug 4, NET SHORT for USD Index futures decreased -252 to 6 475 contracts. Bets fell on both sides as a greenback is still anticipating bottom after losing roughly -10% opposite a basket of currencies given March. Speculative prolonged positions forsaken -2 433 contracts and brief positions were down -2 685 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped +23 089 contracts to 180 648. NET SHORT for GBP futures declined -10 682 contracts to 14 727 for a week.
On safe-haven currencies, NET LENGTH on CHF futures jumped +3 218 contracts to 11 660. NET LENGTH on JPY futures gained +2 922 contracts to 31 429. Commodity currencies underneath a coverage remained in NET SHORT positions. AUD futures’ NET SHORT declined -3 964 to 1 048 contracts. Separately, NZD futures’ NET SHORT combined +603 contracts to 1 448 during a week. Meanwhile, NET SHORT for CAD futures jumped +10 699 contracts to 23 195.