CFTC COT Report, Week to September 29, 2026: Canadian Dollar Net Speculative Position Falls 23k
Speculators significantly increased their net short exposure to the Canadian Dollar last week, marking the largest shift among major currencies. The overall picture showed a continued build in net short positions for several G10 currencies against the US Dollar, as the US Dollar Index leveraged funds’ net long position GREW by 4.9k contracts.
Leveraged funds’ net short position in the Canadian Dollar GREW by 22.8k contracts, reaching -69.6k net short. This position is near the lower end of its 52-week range. Asset managers also held a net short of -27.6k contracts.
In the Japanese Yen, leveraged funds’ net short position GREW significantly by 21.6k contracts, bringing their total net short to -14.2k. Asset managers, however, maintained a net long position of +51.6k contracts.
Leveraged funds’ net short in the Euro GREW by 12.6k contracts, resulting in a net short of -39.3k. This contrasts with asset managers, who held a substantial net long position of +220.6k contracts.
For the Australian Dollar, leveraged funds’ net long position GREW by 1.9k contracts to +60.6k. This net long position is near the upper end of its 52-week range. Asset managers were net short by -73.2k contracts.
Total open interest saw notable increases in Canadian Dollar futures by 36.2k contracts and Euro futures by 32.3k contracts, while Japanese Yen open interest FELL by 18.0k contracts.
The numbers, week to September 29, 2026
| Market | Leveraged funds net | Weekly change | Asset managers net | Legacy speculators net | Open interest |
|---|---|---|---|---|---|
| Euro (EUR) | -39.3k | -12.6k | +220.6k | -63.3k | 854k |
| Japanese Yen (JPY) | -14.2k | -21.6k | +51.6k | +55.4k | 361k |
| British Pound (GBP) | +4.6k | -8.6k | -128.5k | -91.1k | 252k |
| Australian Dollar (AUD) | +60.6k | +1.9k | -73.2k | -63.2k | 310k |
| Canadian Dollar (CAD) | -69.6k | -22.8k | -27.6k | -78.7k | 347k |
| Swiss Franc (CHF) | -14.0k | +2.5k | -36.4k | -24.6k | 134k |
| New Zealand Dollar (NZD) | -1.1k | +3.7k | -21.2k | -17.3k | 115k |
| Mexican Peso (MXN) | +80.6k | +1.4k | +16.3k | +52.4k | 275k |
| US Dollar Index (USD) | +0.4k | +4.9k | +18.0k | +11.9k | 48k |
Data: CFTC Traders in Financial Futures (futures only) and legacy Commitments of Traders reports. Net = long contracts minus short contracts. Positioning describes the state of the futures market, it is not trading advice.