Positions of large speculators according to the COT report as at 5/7/2022
Total net speculator positions on the USD index fell by 3,978 contracts last week to 39,251 contracts. Total net speculator positions on the USD index fell for the second week in a row, falling below 40 000 contracts. Overall, the USD index has been in bullish sentiment since July 6, 2021.
Total net speculators positions on the euro fell further for the fourth time in the last five weeks. During this period, speculators total net positions have fallen by gigantic 69,124 contracts and are at their lowest level since November 30, 2021. The euro seems to be heading inevitably towards parity on the USD pair.
There were also declines in total net speculators positions on the British pound, the Australian dollar, the New Zealand dollar, the Japanese yen, the Canadian dollar and the Swiss franc.