Config.
Marché
Rapport
Unité

COT NZD/USD

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

FX · CME

What is the NZD/USD futures contract?

NZD/USD

Satellite of AUD/USD

A long means…

Exposure to a rise in the New Zealand dollar versus the dollar — the same reading as spot NZD/USD.

What is this?

The New Zealand dollar is the smallest G10 currency — the kiwi, driven by Reserve Bank rates and by dairy, nearly a third of goods exports. When global risk fades, or dairy weakens, the NZD often falls against the dollar. The CME future reads like spot NZD/USD: when the kiwi strengthens, the contract rises.

Importers, exporters and corporates hedge that rate; managers hedge a New Zealand portfolio. At expiry, New Zealand dollars are delivered against US dollars. Most positions are closed or rolled beforehand.

Pitfalls

  • Not AUD/USD (6A, 232741).
  • Long = long NZD, not long USD.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.