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

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Speculators boost short US dollar bets in latest week-CFTC Oct 19th 2012, 19:40 Tweet Share this Email Print Fri Oct 19, 2012 3:40pm EDT NEW YORK, Oct 19 (Reuters) - Currency speculators boosted their bets against 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 short position rose to $8.14 billion in the week ended Oct. 16, from a net short position of $6.43 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. 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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