Reuters: US Dollar Report: RPT-Speculators cut short US dollar bets in latest week-CFTC

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RPT-Speculators cut short US dollar bets in latest week-CFTC Oct 26th 2012, 19:55 Fri Oct 26, 2012 3:55pm EDT NEW YORK Oct 26 (Reuters) - Currency speculators cut their bets against the U.S. dollar in the latest week to the lowest since the week of Sept. 4, according to data from the Commodity Futures Trading Commission released on Friday and Reuters calculations. The value of the dollar's net short position fell to $4.004 billion in the week ended Oct. 23 from a net short position of $8.14 billion the week of Oct. 16. Speculators were long, or betting the U.S. dollar would rise, in the week of Sept. 4. 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. JAPAN YEN (Contracts of 12,500,000 yen) 2,848,822,645.29 10/23/12 week 10/16/12 week Long 25,550 42,767 Short 43,746 32,681 Net -18,196 10,086 EURO (Contracts of 125,000 euros) 8,962,733,937.50 10/23/12 week 10/16/12 week Long 38,171 42,041 Short 93,390 95,536 Net -55,219 -53,495 POUND STERLING (Contracts of 62,500 pounds) -1,834,065,918.75 10/23/12 week 10/16/12 week Long 54,879 54,010 Short 36,482 34,411 Net 18,397 19,599 SWISS FRANC (Contracts of 125,000 Swiss francs) -316,555,829.67 10/23/12 week 10/16/12 week Long 10,756 10,289 Short 8,395 11,481 Net 2,361 -1,192 CANADA DOLLAR (Contracts of 100,000 Canadian dollars) -8,979,739,945.57 10/23/12 week 10/16/12 week Long 98,566 106,369 Short 9,478 12,619 Net 89,088 93,750 AUSTRALIA DOLLAR (Contracts of 100,000 Aussie dollars) -4,685,618,640.00 10/23/12 week 10/16/12 week Long 83,602 77,802 Short 37,951 39,358 Net 45,651 38,444 MEXICO PESO (Contracts of 500,000 pesos) -5,104,950,647.75 10/23/12 week 10/16/12 week Long 136,680 139,787 Short 4,278 4,331 Net 132,402 135,456 NEW ZEALAND DOLLAR (Contracts of 100,000 NZ dollars) -1,326,557,860.00 10/23/12 week 10/16/12 week Long 20,528 20,646 Short 4,179 4,362 Net 16,349 16,284 Link this Share this Digg this Email Reprints

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