Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another. The data are broken down into commitments by commercial players (usually made up of businesses aiming to hedge currency risk) and speculators (traders buying and selling contracts purely for reaping the gains from price changes). The figures, expressed in number of contracts, show the buyers and sellers of futures' currency contracts and total open interest.
