In short
Speculators are net short DXY (building short over 12 weeks). Positioning sits at 0% of its 12-week range (flip 18th pct of 10y, z -0.88).
Weekly net positioning
Net non-commercial (large speculator) positioning over the last 12 weeks. A rising net means speculators are building longs; a falling net means they are building shorts.
| Week (Tuesday) | Net position | Week-over-week | Open interest |
|---|---|---|---|
| Jun 9, 2026 | -13,656 | -2,544 | 50,285 |
| Jun 2, 2026 | -11,112 | +1,418 | 43,090 |
| May 26, 2026 | -12,530 | -814 | 42,278 |
| May 19, 2026 | -11,716 | -6,965 | 40,626 |
| May 12, 2026 | -4,751 | +1,054 | 32,108 |
| May 5, 2026 | -5,805 | -2,644 | 32,496 |
| Apr 28, 2026 | -3,161 | -752 | 30,611 |
| Apr 21, 2026 | -2,409 | +686 | 30,651 |
| Apr 14, 2026 | -3,095 | +5,546 | 32,911 |
| Apr 7, 2026 | -8,641 | +191 | 36,573 |
| Mar 31, 2026 | -8,832 | -1,911 | 38,735 |
| Mar 24, 2026 | -6,921 | — | 36,113 |
How to read this
The flip percentile normalizes US Dollar net positioning against roughly ten years of history: 18.1% means speculators are leaning short versus their own history. The 10-year z-score (-0.88) confirms how stretched that is. Readings above the 90th percentile (or below the 10th) flag a crowded trade prone to a sharp unwind.
Positioning is a risk gauge, not an entry signal. Extremes can persist and get more extreme. Pair this with the fundamentals and a confirming move before fading a crowded trade. See how to read the COT report and using COT data to spot reversals.
Frequently asked questions
- Are speculators net long or short US Dollar?
- As of Jun 9, 2026, large speculators are net short the US dollar, with a net position of -13,656 contracts (15,886 long vs 29,542 short) in the CFTC Commitments of Traders report.
- Is US Dollar positioning crowded right now?
- No. US Dollar positioning sits at the 18.1% flip percentile of its 10-year range (z-score -0.88), which is not an extreme. Crowding warnings trigger above the 90th or below the 10th percentile.
- What is the COT flip percentile for US Dollar?
- US Dollar's flip percentile is 18.1% — where current normalized net positioning sits within roughly 10 years of history. Above 60 is long-side versus history, below 40 short-side; above 90 or below 10 is crowded.
- When is COT data for US Dollar updated?
- Weekly. The CFTC releases the Commitments of Traders report every Friday at 3:30pm ET with positions as of the prior Tuesday. This page last updated with data as of Jun 9, 2026.