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US dollar index: Commitments of Traders

CFTC positions as of the close on 13 October 2026. USD INDEX - ICE FUTURES U.S., u.s. dollar index x $1000.

Speculators net long12,896

Change on the week+947

Rank in 2 years81st

Open interest51,849

This week

In the week to 13 October 2026, non-commercial traders in US dollar index held a net long position of 12,896 contracts. That is 947 contracts more than a week earlier. Commercial traders were net short 14,805, which is the other side of the same market. A year ago the speculative net was short 14,956, so it has moved by 27,852 contracts since. Longs were 62.3% of speculative positions. 123 traders reported.

Bar charts in detail

1. Who is long and who is short, in the week to 13 October 2026

Short positions extend to the left in red, long positions to the right in blue, each scaled against the biggest single side in this market. Percentages are of open interest.

Non-commercial (speculators) net +12,896

19,700 38.0% 32,596 62.9%

Commercial (producers, hedgers) net −14,805

28,719 55.4% 13,914 26.8%

Non-reportable (small traders) net +1,910

1,907 3.7% 3,817 7.4%

2. How the week's change was made

Change in each side since the previous report, as published by the CFTC. A rising net can come from longs being added, shorts being closed, or both; this shows which.

Non-commercial long +2,090

Non-commercial short +1,143

Commercial long −929

Commercial short −328

Open interest +664

3. Speculative net position, week by week

Last 52 weeks. Blue bars are net long, red bars net short. Hover a bar for the week and the value.

4. Weekly change in the speculative net

Blue bars: speculators added to their net position that week. Red bars: they reduced it. Tall bars of either colour are the unusual weeks.

5. Open interest, week by week

Total contracts outstanding. Rising open interest means money is entering the contract; falling means positions are being closed.

Where each group sits against its own year

0 means a group is at its most net short of the last 52 weeks, 100 at its most net long. It says where positioning is, not what price does next.

Commercials (producers, hedgers) the group classic COT analysis calls "smart money"

24 net −14,805 (−28.6% of OI)

In the bottom quarter of its range.

Speculators (funds, managed money) trend-following money with no commercial business in it

75 net +12,896 (+24.9% of OI)

In the top quarter of its range.

Small traders (non-reportable) the group classic analysis calls "dumb money"

70 net +1,910 (+3.7% of OI)

Mid-range.

Who holds what

Trader category	Long	Short	Net	Week change (long)
Non-commercial (speculators)	32,596	19,700	+12,896	+2,090
Commercial (producers, hedgers)	13,914	28,719	−14,805	−929
Non-reportable (small traders)	3,817	1,907	+1,910	–
Non-commercial spreading	1,522 on both sides		0	–

Spreading is a speculator holding an equal long and short in different months, so it nets to zero and is listed apart. The three net figures should sum to zero, because a futures market cannot be net long or net short overall, only differently distributed between the people in it. In the Commission's published figures they occasionally miss by a contract or two: for the week shown the three nets sum to 1. That is rounding in the source, not an error on this page, and we leave the CFTC's numbers as published rather than adjusting one to make the column balance.

The last two years

Speculative net position in US dollar index, Oct 2024 to Oct 2026. Above the line is net long, below it net short.

Week	Spec net	Change	Long share	Open interest
13 Oct 2026	+12,896	+947	62.3%	51,849
6 Oct 2026	+11,949	+114	62.2%	51,184
29 Sep 2026	+11,835	+1,528	62.4%	48,410
22 Sep 2026	+10,306	−280	61.4%	46,363
15 Sep 2026	+10,587	−7,019	62.8%	43,762
8 Sep 2026	+17,606	+584	72.4%	57,876
1 Sep 2026	+17,022	−1,661	71.6%	50,031
25 Aug 2026	+18,683	−397	73.7%	47,964
18 Aug 2026	+19,079	−2,327	73.8%	47,936
11 Aug 2026	+21,407	−1,089	74.4%	49,552
4 Aug 2026	+22,495	+5,301	73.4%	52,176
28 Jul 2026	+17,194	+1,584	66.1%	58,278
21 Jul 2026	+15,610	+2,440	65.3%	53,982
14 Jul 2026	+13,171	−92	63.1%	53,323
7 Jul 2026	+13,263	+269	63.1%	53,414
30 Jun 2026	+12,995	+110	62.5%	54,352

Across the 104 weeks held, the speculative net ranged from -16,381 to 22,495, averaging 1,816. This week's 12,896 sits at the 81st percentile of that range. Two years is a short window, and a position that looks far from its recent average can stay there for months. It describes where positioning has been, not where price goes.

Related on StocksXray

What this report is, and what it is not

The CFTC requires anyone holding more than a set number of contracts in a US futures market to report their position. Every Friday afternoon the Commission publishes the totals as they stood at Tuesday's close, split by the kind of trader holding them. The gap between Tuesday and Friday is deliberate and cannot be shortened: the figures are always three days old when you first see them.

Non-commercial traders have no commercial use for the underlying. Commercial traders do: a miner selling forward, an airline hedging fuel, a mill buying wheat. Non-reportable is everybody below the reporting threshold. The categories describe why someone is registered, not how clever they are, and the common framing of commercials as "smart money" does not follow from the data: a producer hedging output sells into a rising market because that is their business, not because they predict a fall.

Nothing on this page is a signal. Positioning shows how crowded a trade was on a particular Tuesday. It does not say when a crowd disperses, and crowded positions have stayed crowded for many months at a time in most of these markets.

Other currencies markets

Source: CFTC Commitments of Traders, legacy futures-only report, contract market code 098662. Net positions, long share and the two-year rank are our arithmetic on the Commission's published figures; every input is in the tables above. Educational only, not financial advice.