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

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Speculators cut short US dollar bets in latest week-data Nov 2nd 2012, 19:59 NEW YORK | Fri Nov 2, 2012 3:59pm EDT NEW YORK Nov 2 (Reuters) - Currency speculators cut 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 plunged to $708.072 million in the week ended Oct. 30 from a net short position of $4.004 billion the week of Oct. 23. Speculators last 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.

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