COT: Dollar longs reduced as rate hike premium erodes
Head of Commodity Strategy
Summary: The week to December 11 saw speculators sell dollars ahead of the strongest weekly close in 19 months, reducing bullish dollar bets against nine IMM currency futures by $3 billion to $29 bn.
Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial.
To download your copy of the Commitment of Traders: Forex report for the week ending December 11, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending December 11, click here.
Speculators sold dollars ahead of the strongest weekly close in 19 months. In the week to December 11, they reduced bullish dollar bets against nine IMM currency futures by $3 billion or 9% to $29 bn. The belief in a stronger dollar into 2019, however, remained elevated as per the chart below.
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