Speculators increase USD bets in latest week-CFTC

Fri Mar 22, 2013 3:49pm EDT
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March 22 (Reuters) - Currency speculators increased their bets in favor of the U.S. dollar in the latest week to the largest since the week of July 17, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net long position rose to $25.753 billion in the week ended March 19, from $25.46 billion the previous week.

U.S. dollar sentiment stayed positive as the world's largest economy continued to outperform most of the other major economies.

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) 10,511,011,247.77

3/19/13 week 3/12/13 week

Long 55,408 51,240

Short 135,401 145,003   Continued...