December 30, 2013 / 8:48 PM / 4 years ago

Speculators boost long USD bets in latest week-CFTC

NEW YORK, Dec 30 (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 Monday. 
    The value of the dollar's net long position rose to $18.92
billion in the week ended Dec. 24, from $18.32 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.

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