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According to data from the US Commodity Futures Trading Commission, non-commercial traders' bullish dollar bets increased to $49.23 billion in the week ending July 28, the highest level since 2014. The report reflects positions as of Tuesday, that is, the recent Federal Reserve interest rate decision, large fluctuations in US interest rates and the US dollar, and positions before the yen rose due to rumors of foreign exchange intervention. Leveraged funds have increased their short positions in the yen, and the level of bearishness on the yen is still close to the highest level since 2007. These funds also increased their short bets on the euro, and the level of bearishness on the euro rose to the highest level since 2020. Furthermore, leveraged funds have also risen to their highest level of bearishness on the Canadian dollar in about two years.
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According to data from the US Commodity Futures Trading Commission, non-commercial traders' bullish dollar bets increased to $49.23 billion in the week ending July 28, the highest level since 2014. The report reflects positions as of Tuesday, that is, the recent Federal Reserve interest rate decision, large fluctuations in US interest rates and the US dollar, and positions before the yen rose due to rumors of foreign exchange intervention. Leveraged funds have increased their short positions in the yen, and the level of bearishness on the yen is still close to the highest level since 2007. These funds also increased their short bets on the euro, and the level of bearishness on the euro rose to the highest level since 2020. Furthermore, leveraged funds have also risen to their highest level of bearishness on the Canadian dollar in about two years.
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