Large currency market speculators in the US dollar futures slightly 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 16958 contracts in the data reported through July 30, 2024, still staying at its highest level since December 2023. This was a weekly decline of 1262 net long contracts.
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