Reuters: US Dollar Report: UPDATE 1-Speculators pare net long dollar bets in latest week

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UPDATE 1-Speculators pare net long dollar bets in latest week Apr 6th 2012, 20:42 Tweet Share this Email Print Related Topics Currencies » Bonds News » Bonds » Markets » Fri Apr 6, 2012 4:42pm EDT NEW YORK, April 6 (Reuters) - Currency speculators trimmed 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 slipped to $17.8 billion in the week ended April 3 from $19.58 billion the previous week. Net shorts on the yen shrank slightly from the previous week, when they ballooned to their biggest since July 2007, according to Scotia Capital estimates. The yen has weakened against the dollar through much of the year, particularly after the Bank of Japan increased its asset-buying program in 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. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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