Commitment of Traders Report

Commitment of Traders Report: Market News reports that futures speculators capitulated and went long the US Dollar against both the euro and yen last week. In the euro, foreign exchange traders went from net long 4071 the week before to a net short by 16,218 as of last Tuesday July 29). “This compares to the April 29 net euro short of -21,315 futures contracts, which was the first speculative net euro short position since December 2005.” In the yen foreign exchange speculators were net long 10,524 the week before and lipped to net short by 6,280 contracts. They had been long the yen by a sizeable 50,105 contracts in the July 15 week.