Currency Analysis

by Paul Kavanaugh, PFGBEST

1-888-439-6033

pkavanaugh@pfgbest.com

-Eighteenth straight week of net long US dollar bets.

-Euro zone debt crisis continues to dominate currency news

-Large Speculators increase net short positions in Euro to another all-time record high

-Large Speculators cut bets net short Swiss Franc by over one third

CFTC data released Friday January 20th shows IMM currency speculators increased bets net short the Euro to yet another all-time record high. The most recent Commitments of Traders data shows some significant percentage changes in speculative positions in the currencies from the prior week including the following:

Commitments of Traders Data

(Non-Commercial Net Position Data thru Tuesday January 10th)

A minor 0.02% increase from 28,649 to 28,730 contracts net short of the Canadian dollar;

A stunning 39.22% decrease from 21,097 to 12,822 contracts net short of the Swiss Franc;

A building 16.12% increase from 35,853 to 41,634 contracts net short of the British Pound;

A small 3.11 increase from 155,195 to 160,030 contracts net short of the Euro;

A scant 1.33% increase from 59,657 to 58,862 contracts net long of the Japanese Yen;

And a tiny 1.45% increase from 53,526 to 54,306 contracts net long of the Australian dollar.

(Source CFTC.gov)

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