Friday, August 31, 2012

Reuters: US Dollar Report: Specs turn short US dollar, 1st time in nearly a year-data

Reuters: US Dollar Report
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Specs turn short US dollar, 1st time in nearly a year-data
Aug 31st 2012, 19:53

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Fri Aug 31, 2012 3:53pm EDT

  NEW YORK, Aug 31 (Reuters) - Currency speculators turned  negative on the U.S. dollar in the latest week for the first in  nearly a year, according to data from the Commodity Futures  Trading Commission released on Friday.      The value of the U.S. dollar's short position totaled $441.  7 million from a net long position of position of $4.57 billion  the previous week. It's the first net short position on the  dollar since the week of Sept. 6, 2011.      To be short a currency is to bet it will fall 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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