US Dollar Net Long Bets Jump to Largest Since Mid-June 2019: CFTC

US Dollar Net Long Bets Jump to Largest Since Mid-June 2019: CFTC
A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo, Japan on Aug. 2, 2011. Yuriko Nakao/Reuters
Reuters
Updated:

NEW YORK—U.S. dollar net longs in the latest week surged to their highest level in more than two years, according to Reuters calculations and Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $22.89 billion in the week ended Oct. 5, compared with $16.37 billion in the previous week. U.S. dollar positioning has been net long for 12 straight weeks after being net short for 16 months.