Speculative net longs in US Dollar Index ease further

Large currency market speculators in the US dollar futures continued to reduce their net long position although they continue to 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 16136 contracts in the data reported through August 06, 2024, still staying at its highest level since December 2023. This was a weekly decline of 822 net long contracts.