CFTC Commitments of Traders – Safe-Haven Currencies Shined as Novel Coronavirus Exported from China sparks Global Worries

Safe-haven currencies shined as novel coronavirus exported from China sparks global worries. As suggested in the CFTC Commitments of Traders report in the week ended January 28. NET LENGTH in USD Index added +3 493 contracts to 16 433. Speculative long positions were gained +2 982 contracts and short positions dropped -511 contracts. Concerning European currencies, NET SHORT for EUR futures soared +11 843 contracts to 58 862. NET LENGTH for GBP futures decreased -7 233 contracts to 17 689. On safe-haven currencies, NET LENGTH of CHF futures added +1 961 contracts to 3 497. NET SHORT of JPY futures declined -8 676 contracts to 36 025. On commodity currencies, NET SHORT for AUD futures gained +8 219 contracts to 27 520. Speculative long positions added +2 303 contracts while shorts jumped +10 522 contracts. Separately, NET LENGTH for NZD  +227 contracts to 2 060 while that for CAD futures declined -3 704 contracts to 34 590.