CFTC: USD positions turned long
Here are the essentials of the latest Commitments of Traders (COT) report, released on May 16 by the Commodity Futures Trading Commission (CFTC) for a week ended on May 13.
According to the report, large speculators turned bullish on the US dollar, with net longs climbing to the highest in more than two months. The value of the dollar's net long position was $4.51 billion, up from short contracts totalling $2.03 billion the previous week. This week's long position came after 4 straight weeks of shorts. It's also important to note that speculators turned net short the euro.