The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen shows that "smart money" hedgers mostly continued their same outlooks, adding to longs in the U.S. dollar, particularly against the euro. They're now holding about 37% of the open interest in the euro net short, the most since 2011 and exceeding the prior extremes from October 2013 and January/February 2018 when the euro had big trouble maintaining further upside. In major equity index futures, where hedgers have truly lived up to their moniker as the smart money, they reduced their net long to about $24 billion. That's about half of what it was in May, but is still above prior extremes from the past decade.
