Eurodollar Non-Commercial Speculator Positions:

Large speculators advanced their net positions in the Eurodollar 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 Eurodollar futures, traded by large speculators and hedge funds, totaled a net position of -3,457,388 contracts in the data reported through Tuesday June 5th. This was a weekly gain of 66,036 contracts from the previous week which had a total of -3,523,424 net contracts.

Speculators have continued to decrease the overall bearish net position for a fourth consecutive week and by a total of +582,906 contracts over that time-frame. The current position is at a new least bearish level since February 13th when the net position totaled -3,404,985 contracts.

Eurodollar Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 4,164,669 contracts on the week. This was a weekly decrease of -71,895 contracts from the total net of 4,236,564 contracts reported the previous week. See how much 500 euros to dollars here