Friday, June 22, 2012

Reuters: US Dollar Report: UPDATE 2-Speculators pare long dollar bets in latest week

Posted by Ava on 2:30 PM

Reuters: US Dollar Report
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UPDATE 2-Speculators pare long dollar bets in latest week
Jun 22nd 2012, 20:49

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Fri Jun 22, 2012 4:05pm EDT

  By Julie Haviv      NEW YORK, June 22 (Reuters) - Currency speculators pared 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 $22.13 billion in the  week ended June 19, from $38.77 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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