Speculators reduce long USD bets in latest week-CFTC

Fri Apr 12, 2013 3:39pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

NEW YORK, April 12 (Reuters) - Currency speculators decreased 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 fell to $25 billion in the week ended April 9, from $26.3 billion the previous week.

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) 9,808,245,808.93

4/09/13 week 4/02/13 week

Long 39,699 46,966

Short 117,396 125,137   Continued...