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A weekly COT report showed speculative net longs in the US dollar fell for a fifth straight week to the smallest since August, while speculators flipped sterling to a net long position. Traders saw the yen or Swiss franc as better safe havens than the dollar amid Russia-Ukraine tensions.
Positioning data indicates a softer dollar backdrop, which can marginally support dollar-priced commodities, but it is a routine positioning update with little direct effect on feed prices.
forex.caadminFeb 21, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
