As suggested in the CFTC Commitments of Traders report in the week ended November 17, NET SHORT of USD Index futures dropped -154 contracts to 974. Speculative long positions increased +937 contracts and short positions gained +783 contracts. Concerning European currencies, NET LENGTH in EUR futures fell -1 327 contracts to 133 960. NET SHORT of GBP futures rose +2 051 contracts to 19 746 contracts during the week. British pound climbed higher as there are signs that the UK and EU are reaching a deal. Net short will likely decline in the coming week.

On safe-haven currencies, NET LENGTH on CHF futures dropped -940 contracts to 14 924. By contrast, NET LENGTH on JPY futures plunged -12 227 contracts to 29 667. Concerning commodity currencies, NET SHORT of AUD futures declined -2 597 contracts to 6 123. Separately, NZD futures’ NET LENGTH increased +1 151 contracts to 8 868 during the week. Meanwhile, NET SHORT for CAD futures decreased 990 contracts to 20 359 contracts.

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