US Dollar Index COT Positioning

What the positioning says

Leveraged funds are net long 7,133 contracts and trimmed that long position over the past week. That leaves positioning at the 94th percentile of its 52-week range — a crowded, stretched reading that has historically been vulnerable to a reversal.

WAVG reads this the same way every week across every market, names the factors behind the bias, and flags when positioning reaches an extreme that has historically preceded a turn.

What moves US Dollar Index positioning

The ICE Dollar Index measures the dollar against a basket of major currencies, so its positioning is a single, direct read on dollar sentiment — a useful cross-check against the individual EUR, GBP and JPY contracts. The futures are smaller and thinly traded, so treat the level as a sentiment gauge rather than a precise flow.

The driver is the Fed against the rest of the world — relative rate paths and growth — plus safe-haven demand, since the dollar strengthens in global stress. When Dollar Index positioning and the euro's positioning point the same way, they are largely describing the same exposure — the euro alone makes up 57.6% of the index basket.

This week's report

Contracts held long, short and net as of Sep 1, 2026 (published Sep 4, 2026). Source: CFTC.