Reuters: US Dollar Report: CORRECTED-UPDATE 1-Long USD bets fall in latest week, yen shorts jump - CFTC

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CORRECTED-UPDATE 1-Long USD bets fall in latest week, yen shorts jump - CFTC Dec 3rd 2012, 18:19 Mon Dec 3, 2012 1:19pm EST (In Nov 30 story, corrects 3rd paragraph to show yen short contracts hit their highest since July 2007 not May 2007) NEW YORK, Nov 30 (Reuters) - Currency speculators cut their bets in favor of the U.S. dollar in the latest w eek while they boosted short yen positions to a more than five-year high, a cc ording to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $8.01 billion in the week ended Nov. 27 from a long position of $11.2 billion the previous week. Bets against the yen rose to 79,466 contracts, the highest since J uly 2 007, a ccording to Reuters data. Short yen positions stood at 51,389 contracts in the previous week. The yen has weakened significantly in recent sessions as speculation grew that a likely change in Japan's government would lead to aggressive monetary easing. The yen hit a near eight-month low against the dollar last week and a seven-month low against the euro on Friday. 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. JAPANESE YEN (Contracts of 12,500,000 yen) 11/27/12 week 11/20/12 week Long 27,027 28,272 Short 106,493 79,661 Net -79,466 -51,389 EURO (Contracts of 125,000 euros) 11/27/12 week 11/20/12 week Long 35,799 36,692 Short 102,492 128,092 Net -66,693 -91,400 POUND STERLING (Contracts of 62,500 pounds sterling) 11/27/12 week 11/20/12 week Long 51,107 46,546 Short 40,829 45,816 Net 10,278 730 SWISS FRANC (Contracts of 125,000 Swiss francs) 11/27/12 week 11/20/12 week Long 9,744 7,220 Short 13,111 19,708 Net -3,367 -12,488 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) 11/27/12 week 11/20/12 week Long 72,663 72,893 Short 10,284 11,447 Net 62,379 61,446 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) 11/27/12 week 11/20/12 week Long 122,186 104,617 Short 45,380 39,906 Net 76,806 64,711 MEXICAN PESO (Contracts of 500,000 pesos) 11/27/12 week 11/20/12 week Long 101,490 96,451 Short 7,632 9,664 Net 93,858 86,787 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) 11/27/12 week 11/20/12 week Long 21,653 21,436 Short 2,943 3,578 Net 18,710 17,858 (Reporting by Wanfeng Zhou) Link this Share this Digg this Email Reprints

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