Swiss Franc (CHF/USD): Small specs are now short the SF, while the large specs remain a minor short. This means the total spec position combined net position is now 4.4K contracts long. As a consequence of the net position by the large specs approaching even as they reduced their shorts, the commercial flipped to the short side of the SF.
Once again the speculators combined net short position in the USD climbed higher. It is now up to 267,878 total contracts in the currencies and the DI tabulated below. The only remaining USD long position was versus the euro. There remain short euro positions of 66,908 contracts against a long USD but this is down almost 200K contracts from the high short position.
Currency specs added to their long commodity currency positions. They are now long a total of 263,140 contracts of the Canadian, Australian and New Zealand Dollar. This was up from 239,375 contracts in the previous week.
In recent weeks the British Pound has become another favourite of the specs. Going back to the COT report from August 14th, specs were short 9,608 contracts of the Pound. They have since reversed their position and are now up to a long of over 52K contracts. During this period there has been a big interest in the total open interest, and it has continued to climb after the cut-off date of the latest report.
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