Speculators increase USD bets in latest week-CFTC

Mon Nov 26, 2012 4:27pm EST
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NEW YORK Nov 26 (Reuters) - Currency speculators increased their bets in favor of the U.S. dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Monday.

The value of the dollar's net long position rose to $11.2 billion in the week ended November 20, from $4.72 billion the previous week.

To be short a currency is to bet it will decline in value, while being long is a view its value will rise.

The Reuters calculation for the aggregate U.S. dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, Canadian and Australian dollars.

JAPANESE YEN (Contracts of 12,500,000 yen) 7,866,305,412.69

11/20/12 week 11/13/12 week

Long 28,272 21,980

Short 79,661 52,427

Net -51,389 -30,447   Continued...