Large currency market speculators in the US dollar futures marginally reduced their net long position but still hovering near a six month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 16208 contracts in the data reported through July 09, 2024, still staying at its highest level since December 2023. This was a marginal weekly decline of 374 net long contracts.

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