COT: Dollar sold; bond short jumps
Head of Commodity Strategy
To download your copy of the Commitment of Traders: Forex report for the week ending September 4, click here.
To download your copy of the Commitment of Traders: Financials report for the week ending September 4, click here.
Speculators cut bullish dollar bets by $2.3 billion during the week ending September 4. The 10% reduction was the biggest in almost six months due to traders flipping the euro position back to positive after a net-purchase of 15,000 lots ($1.9 billion). Short-covering in GBP and CHF also contributed to the reduced dollar long.
Leveraged funds increased bearish bond bets across the US Treasury curve for an 11th consecutive week to a fresh record. Selling was particularly aggressive in 10-year notes with the net-short jumping 34% to 864,000 lots. This despite seeing that part of the yield curve staying rangebound for the past three months between 2.8% and 3%.
In equities, all three US stock index futures were sold while the Cboe VIX net-short was extended by 12%.
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