Speculators short the U.S. dollar -CFTC

Tue Oct 29, 2013 7:57am EDT
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NEW YORK Oct 29 (Reuters) - Currency speculators went short or bet against the U.S. dollar in the latest week for the first time since mid-February, according to data from the Commodity Futures Trading Commission released on Monday and Reuters calculation.

The value of the dollar's net short position was $3.28 billion in the week ended Oct. 8 compared with a net long position of $692.8 million the previous week. It was the first net short position since the week of February 12.

The release of speculative trading data is the second since the government reopened and the CFTC attempts to clear the backlog.

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) 7,368,495,767.09

10/08/13 week 10/01/13 week

Long 28,165 18,634   Continued...