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Extremely crowded dollar-short position is tough to believe but might be an opportunity

The latest CFTC weekly report on forex futures positioning data shows that US dollar net shorts are at a record, or at the widest since 2021, depending on who you ask. The net short position for the week ending July 18 rose 18% to 568,721 contracts.That's a remarkable move considering there is no particular catalyst for the dollar and no obvious reason to buy other currencies. Normally, my inclination is to see this report as a proxy for overall speculative forex positioning in the much-large wo... Read More

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Content Topics

Extremely

Crowded

Dollar

Short

Position

Tough

Believe

Might

Dollar short

Opportunity

Forex

Posted: Jul 24 2023, 18:24

Author Name: forexlive

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