The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October
SGM-FX Mon 20 Feb 2017
The latest CFTC weekly data recorded a decline in the net long dollar position to the lowest level since October 11th as uncertainty continued to undermine long dollar positions with the main shift a further increase in long positions in commodity currencies.
The dollar nudged slightly higher on Monday and the Euro again tested support towards the 1.0600 area.
Related Insights
Daily Brief – An orderly start
Charles Porter
Thu 18 Sep 2025
An orderly start Last night the Fed delivered on the widely expected 25-basis point cut to the Fed funds rate. The governing council presented a surprisingly united front with only one descending vote for an immediate 0.5% cut to benchmark rates. This came from newly appointed Stephen Miran whose name you may recognise from the […]
Daily Brief – Waiting for the Fed
Charles Porter
Tue 16 Sep 2025
Waiting for the Fed Mixed messages have been emerging ahead of tomorrow’s monetary policy decision from the Federal Reserve. Here’s a reminder of the rollercoaster that left the Fed’s September decision as one of its move important post-Covid meetings. In the face of cooling inflation, the Fed begins a relatively aggressive interest rate cutting cycle, […]
Daily Brief – 48 Hours
Charles Porter
Thu 11 Sep 2025
48 Hours There has been a noticeable shift in geopolitical risk this week. So how, baring a mild slip lower in EURCHF, have FX markets remained quite so flat? Sure, there have been some contained intraday spikes in some commodity prices but ultimately those legs higher have been thwarted, often in the very same trading […]
