CFTC_USD_NONCOM_NET
USD Index futures speculator positioning (CFTC COT, ICE)
Official name: USD Index (ICE) — Non-commercial Net (Long - Short)
Latest value
5538.0000
as of 2026-04-07
All-time percentile
37th
1-year change
-21.0%
Time series
Showing 261 of 261 data points
About this series
Net long-minus-short positioning of non-commercial traders in the ICE US Dollar Index futures contract (DXY). Measures how speculators are betting on the dollar broadly.
Why it matters: Dollar positioning tends to move with global risk sentiment and rate differentials. Extreme long USD positioning often coincides with stressed conditions (flight to quality); extreme short positioning appears in risk-on regimes. The DXY contract is thinly traded relative to OTC FX, but the COT readings are still one of the cleanest signals for "how crowded is the dollar trade."
How to read it: Focus on extremes and direction rather than absolute levels. Rapid unwinds of crowded long positioning often precede dollar corrections.
Caveats: The ICE DXY contract is weighted toward euro (57.6%) so it's really more of a "euro-weighted dollar" than a pure trade-weighted measure. Open interest is small relative to actual FX market flows.