CFTC report from June 28 covered information available on June 25

According to the CFTC report, market participants keep holding net long speculative positions on the euro and the Swiss franc. Net short positions are observed on all other major currencies. The largest net short positions are held by the Japanese yen and Australian dollar. Last week, there were major changes occurred only in the Canadian dollar positioning in the reducing direction for net short positions.

Net short position on the Canadian dollar fell by 1.5 billion USD to -1 billion USD. The sentiment remains bearish, but the reduction rate for the net short position raises concerns because the fast change in the sentiment in favor of the Canadian currency is possible.

Australian dollar keeps holding the significant net short position against the US dollar. Last week, its value decreased slightly to -5.7 billion USD. The Australian dollar is the second-largest net short positioner being behind only the Japanese yen.

Net long position on the European currency fell last week by 0.5 billion USD, down to 2.8 billion USD. Despite this fact, the euro holds the largest net long position against the dollar among the six major currencies. The bullish sentiment is dominating, but the net long position at current levels seems to be vulnerable.

Net short position on the British pound fell slightly to -1.9 billion USD, being dominated by bearish sentiment, but the reduction rate for the net short positions aroused fears recently.

The net long position on the Swiss franc fell after the euro. Its volume for the previous week 0.3 billion USD. The sentiment is close to neutral.

The yen is the leader by the largest net short position against the US dollar, despite its decline last week to -7.8 billion USD. The sentiment stays bearish.