Speculators short the U.S. dollar -CFTC

Thu Oct 31, 2013 6:28am EDT
 
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NEW YORK Oct 31 (Reuters) - Currency speculators went short or bet against the U.S. dollar for a second straight week, according to data from the Commodity Futures Trading Commission released on Wednesday and Reuters calculation.

The value of the dollar's net short position was $1.24 billion in the week ended Oct. 15 compared with a net long position of $3.28 billion the previous week. The week of Oct. 8 was the first net short position since the week of February 12.

The release of speculative trading data on Wednesday is the third 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) 7,547,116,951.92

10/15/13 week 10/08/13 week

Long 25,392 28,165   Continued...