Speculators increase long USD bets in latest week-CFTC

Mon Jul 8, 2013 3:43pm EDT
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NEW YORK, July 8 (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 Friday.

The value of the dollar's net long position rose to $22.37 billion in the week ended July 2, from $13.28 billion the previous week.

Investors have been net long the U.S. dollar since mid February.

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) 8,787,517,392.17

7/02/13 week 6/25/13 week

Long 27,336 24,376   Continued...