Business Standard

Currency Speculators Increase Net Long Position In US Dollar Index

Image

Large currency market speculators in the US dollar futures increased their net long position and hover near a six month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 18550 contracts in the data reported through July 16, 2024, still staying at its highest level since December 2023. This was a weekly advance of 2342 net long contracts.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 22 2024 | 12:06 PM IST

Explore News