外汇与大宗商品COT持仓报告

关键论点

• 美元兑八种IMM期货的合计净多头激增39%至253亿美元，两周前仅为60亿美元；除瑞郎外，美元买盘全面铺开。
• 管理基金在25种主要商品期货中的18种净卖出，彭博商品指数下跌2.1%，除软商品外所有板块均走低。
• 黄金持仓分化：9月对冲基金净多头减少270万盎司，而ETF增持170万盎司至四年高位，暗示投资者关注财政与债务的长期担忧。
• 谷物合计净多头从逾100万手的纪录降至92.3万手，其中玉米约占四成，此前玉米价格因季度库存报告超预期而下滑4%。

对应原文证据

1. • Gold investors diverge: Hedge funds cut their gold long by 2.7 million ounces during September, while ETF investors added 1.7 million ounces, lifting holdings to a four-year high.
2. The latest COT forex update covered a week when an accelerating sell-off in US Treasuries saw the 10-year yield jump 27 basis points to 5.24%, underpinning the dollar, which gained around 1% against a broad basket of major peers.
3. Beyond the yen, the only other remaining net long was in MXN, where bullish exposure was cut by 30% to a 14-month low.