Speculator sentiment is clearly not favoring the dollar at the moment. The latest COT data out on Friday showed that the euro and British pound positions were still on the short side, although euro positions are better for a fifth straight week and British pound positions were almost at even with -250 total shorts. More data below including full article link.
COT Data Summary (vs. the US Dollar) as of August 3rd, 2010 from July 27th, 2010
Euro: -7,297 shorts from – 21,339
British pound sterling: -250 shorts from -17,940
Australian dollar: 48,715 long contracts from 40,533
Canadian dollar: 34,182 long contracts from 23,868
Japanese yen: 47,998 long contracts from 29,921
Mexican peso: 55,141 long contracts from 45,318
New Zealand dollar: 15,059 long contracts from 13,674
Swiss franc: 16,223 long contracts from 6,216
Full Forex COT data Article
