Speculators increase short USD bets in latest week-CFTC

Fri Jan 4, 2013 3:42pm EST
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NEW YORK Jan 4 (Reuters) - Currency speculators increased their bets against the U.S. dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net short position rose to $9.427 billion in the week ended December 31, from $6.49 billion the previous week. It was the fourth straight period of net dollar short positions and the largest position since the week ended Oct. 2, according to Reuters calculation.

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) 11,603,210,744.75

12/31/12 week 12/24/12 week

Long 30,432 26,757

Short 110,949 112,365   Continued...