{"id":1616904,"date":"2022-08-19T17:54:03","date_gmt":"2022-08-19T21:54:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1616904"},"modified":"2022-08-19T17:54:13","modified_gmt":"2022-08-19T21:54:13","slug":"u-s-dollar-net-longs-rise-euro-shorts-hit-biggest-since-february-2020-cftc-reuters-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-dollar-net-longs-rise-euro-shorts-hit-biggest-since-february-2020-cftc-reuters-data\/","title":{"rendered":"U.S. dollar net longs rise; euro shorts hit biggest since February 2020 -CFTC, Reuters data"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-dollar-net-longs-rise-euro-shorts-hit-biggest-since-february-2020-cftc-reuters-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1616904&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Gertrude Chavez-Dreyfuss<\/p>\n<p>NEW YORK (Reuters) -Speculators\u2019 net long positioning on the U.S. dollar rose in the latest week, while net shorts on the euro increased, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.<\/p>\n<p>The value of the net long dollar position climbed to $13.37 billion in the week ended Aug. 16, from $12.97 billion the previous week, CFTC data showed. Net long dollar positions have increased for the first time in four weeks.<\/p>\n<p>CFTC data further showed that euro net shorts jumped to 42,784 contracts, the largest since February 2020.<\/p>\n<p>The Federal Reserve policy meeting in late July triggered a two-way flow in the dollar, even though the central bank raised policy rates by 75 basis points. Against the yen, the dollar on July 27 dropped to a three-week low, as the market viewed Fed Chair Jerome Powell\u2019s comments after the meeting as less hawkish.<\/p>\n<p>Powell said based on the strength of employment, he did not believe the U.S. economy was in recession, and a recession was not necessarily required to tame super-heated inflation.<\/p>\n<p>The minutes of the July meeting, however, suggested that the Fed will continue to raise interest rates at the next few meetings but the pace of the rate hikes will be data-dependent. The Fed minutes remained supportive for the dollar.<\/p>\n<p>Since the Fed\u2019s July meeting, the dollar index has gained 1.8%. Against the yen, the dollar has slightly eased..<\/p>\n<p>\u201cDespite signs of a potential split emerging within the FOMC (Federal Open Market Committee) about how high rates should go and some visible cracks in the economy, a full-blown recession still seems some way off and policymakers\u2019 resolve to contain inflation is indisputable,\u201d wrote Raffi Boyadjian, lead investment analyst, at forex broker XM.<\/p>\n<p>\u201cThis is why Treasury yields have been able to recover from their lows ploughed at the start of the month, giving the US dollar, which has been benefiting from renewed safety flows, an extra helping hand.\u201d<\/p>\n<p>In the euro zone, Europe\u2019s single currency is on a downward trajectory, as the region faced an acute energy crisis and rising risks of recession. Since the beginning of the year, the euro has plunged nearly 12% versus the dollar. It was last down 0.5% at $1.0039.<\/p>\n<p>In cryptocurrencies, bitcoin net shorts slid to 93 contracts, from net short bets of 230 a week ago. This week\u2019s net shorts were the smallest since late January. From late April to early July, speculators were net long bitcoin.<\/p>\n<p>On Friday, bitcoin dropped to a three-week low of $21,156, it was last down 8.6% at $21,182.<\/p>\n<p>Japanese Yen (Contracts of 12,500,000 yen) <\/p>\n<p>$2.691 billion<\/p>\n<p>                   16 Aug 2022            Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long             51,308            52,333          <\/p>\n<p>           Short            80,199            77,365          <\/p>\n<p>           Net             -28,891           -25,032          <\/p>\n<p>EURO (Contracts of 125,000 euros)<\/p>\n<p>$5.439 billion<\/p>\n<p>                   16 Aug 2022            Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long            199,226           200,088          <\/p>\n<p>           Short           242,010           234,624          <\/p>\n<p>           Net             -42,784           -34,536          <\/p>\n<p>POUND STERLING (Contracts of 62,500 pounds sterling)<\/p>\n<p>$2.502 billion<\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long             44,084           42,219          <\/p>\n<p>           Short            77,193           76,687          <\/p>\n<p>           Net             -33,109          -34,468          <\/p>\n<p>SWISS FRANC (Contracts of 125,000 Swiss francs)<\/p>\n<p>$0.671 billion<\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long              7,773            8,635          <\/p>\n<p>           Short            12,869           18,417          <\/p>\n<p>           Net              -5,096           -9,782          <\/p>\n<p>CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)<\/p>\n<p>$-2.092 billion<\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long             51,843           46,898          <\/p>\n<p>           Short            24,976           25,675          <\/p>\n<p>           Net              26,867           21,223          <\/p>\n<p>AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)<\/p>\n<p>$4.16 billion <\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long             28,835           25,644          <\/p>\n<p>           Short            88,083           83,232          <\/p>\n<p>           Net             -59,248          -57,588          <\/p>\n<p>MEXICAN PESO (Contracts of 500,000 pesos)<\/p>\n<p>$0.537 billion<\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long            108,642           95,572          <\/p>\n<p>           Short           130,013          123,193          <\/p>\n<p>           Net             -21,371          -27,621          <\/p>\n<p>NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)<\/p>\n<p>$-0.112 billion <\/p>\n<p>                   16 Aug 2022           Prior week          <\/p>\n<p>                   week                       <\/p>\n<p>           Long             18,412           18,224          <\/p>\n<p>           Short            16,643           18,500          <\/p>\n<p>           Net               1,769             -276          <\/p>\n<p> (Reporting by Gertrude Chavez-Dreyfuss in New YorkEditing by Leslie Adler and Matthew Lewis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2739656\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI7I0UL-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI7I0UL-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Speculators\u2019 net long positioning on the U.S. dollar rose in the latest week, while net shorts on the euro increased, according to calculations 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