The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators increased their bullish bets for the US dollar last week to the highest level in seven weeks. Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar long position totaling $18.44 billion as of Tuesday March 21st, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly gain of around $0.85 billion from the $17.59 billion total long position that was registered the previous week, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc). Bullish speculative bets have now risen for three straight weeks and to the highest level since January 31st.
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