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Highlighting last week’s COT Currency data is the speculator’s US Dollar Index bullish bets which have risen to the highest level in 104 weeks. Speculator wagers in favor of the Dollar Index have now increased for eight straight weeks and have climbed higher for sixteen out of the past seventeen weeks. This pushes the current position (35,062 contracts) to the most bullish standing dating back to October 15th of 2019 when net positions totaled 37,436 contracts. The speculator strength index score (current levels compared to past three years) also shows that spec sentiment has now moved into an extreme bullish position (86 percent score) for a second week. #USDollarIndex# #USDollar#

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