The latest Commitments of Traders (COT) data out on Friday showed that futures speculators continued to decrease their bets for the U.S. dollar against the euro for a sixth consecutive week as of August 10th. Euro positions are now very close to even at just -3,731 short positions while British Pound Sterling positions have turned over to the long side for the first time in a year at +5,021 long contracts.
COT Data Summary (vs. the US Dollar) as of August 10th, 2010
Euro: -3,731 shorts from -7,297 shorts on August 3rd
British pound sterling: 5,021 long contracts from -250 shorts
Australian dollar: 54,370 long contracts from 48,715
Canadian dollar: 41,179 long contracts from 34,182
Japanese yen: 52,478 long contracts from 47,998
Mexican peso: 72,369 long contracts from 55,141
New Zealand dollar: 12,544 long contracts from 15,059
Swiss franc: 10,901 long contracts from 16,223
