US Dollar (aggregate, 7 majors) (USD) — COT positioning
Net large-speculator positioning from the CFTC's weekly report, with 3-year percentile context. 208 weekly reports tracked.
Report week: 2026-06-30
Net positioning · % of open interest
Hover for weekly detail. Zero line = balanced large-speculator book.
How to read this
As of the 2026-06-30 CFTC report, large speculators (leveraged / managed money — the closest public proxy for institutional and hedge-fund positioning) are net long US Dollar (aggregate, 7 majors) (USD). Versus its own 3-year history, positioning sits at the top of its 3-year range (95th percentile) — the least short / most long they've been in ~3 years, i.e. leaning bullish relative to their own norm.
This is a positioning read, not a signal: extreme one-sided positioning has historically preceded trend exhaustion more often than trend continuation, but it can stay extreme for months during a strong trend. Use it as context for your own setup, not as an entry trigger.
What each metric means
| Net position | Long contracts minus short contracts held by large speculators (leveraged money / managed money). Positive = net long the pair as quoted, negative = net short. The raw headline number; not comparable across instruments (contract sizes differ). |
| % of open interest | Open interest is the total number of futures contracts open in that market — the size of the whole table. This metric is the net speculator position as a share of that total. Example: +30,000 net-long contracts in a 300,000-contract market = +10%; if the market later grows to 600,000 with the same bet, it drops to +5% (same bet, half the weight). That's why the % — not the raw contract count — is comparable across time (and roughly across instruments). This is what the chart plots. |
| 3-year percentile | Where the latest %-of-OI reading ranks against the last ~156 weekly reports (3 years). 50 = exactly the middle of its usual range. |
| Week-over-week | Change in net position vs the prior week's report -- shows whether the crowd is adding to or trimming the current bias. |
Reading the percentile
| 0–10 | Extreme short. Large speculators are about as net-short as they've been in 3 years. Historically a zone where downside momentum has been more likely to stall than accelerate -- but strong trends can sit here for months. |
| 10–30 | Leaning short. Below-average bearish tilt. Directional, not extreme. |
| 30–70 | Neutral range. Positioning is unremarkable -- not a useful standalone contrarian signal right now. |
| 70–90 | Leaning long. Above-average bullish tilt. Directional, not extreme. |
| 90–100 | Extreme long. As crowded long as large speculators have been in 3 years -- the mirror case of extreme short. |