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Brazil Real Non-Commercial Speculator Positions:
Large speculators slightly cut back on their bullish net positions in the Brazil Real futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Brazil Real futures, traded by large speculators and hedge funds, totaled a net position of 10,186 contracts in the data reported through Tuesday August 22nd. This was a weekly reduction of -628 contracts from the previous week which had a total of 10,814 net contracts.
Speculators have trimmed their bullish positions for a second week although the bullish totals are above the +10,000 net position level for a third straight week.
Brazil Real Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -11,550 contracts on the week. This was a weekly uptick of 606 contracts from the total net of -12,156 contracts reported the previous week.
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the BRL/USD Currency Pair closed at approximately $0.3169 which was an increase of $0.0033 from the previous close of $0.3136, according to unofficial market data.
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