This summary highlights futures positions and changes made by speculators forex, bonds and stocks up until last Tuesday, September 1. During the week. aggressive buying of tech stocks helped lift the S&P 500 by 2.4% to a fresh record. The yield on US 10-year notes held steady while the dollar reached a new low for the cycle last Tuesday.
Speculators made a small reduction in their bearish dollar bets in the week to September 1. The data includes the initial reaction to ECB Lane’s strong euro warning which helped trigger the biggest weekly dollar advance since June. Against ten IMM currency futures and the Dollar Index, the dollar net short was cut by $1 billion to $34 billion. A 7% reduction in the record euro long was somewhat off-set by increased demand for JPY, CAD, AUD and NZD.