Reuters: US Dollar Report: Speculators pare long dollar bets in week - CFTC and Reuters

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Speculators pare long dollar bets in week - CFTC and Reuters May 3rd 2013, 20:01 Tweet Share this Email Print Fri May 3, 2013 4:01pm EDT May 3 (Reuters) - Currency speculators slightly reduced their bets in favor of 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 long position fell to $24.49 billion in the week ended April 30, from $24.94 billion the previous week. 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. To be short a currency is to bet it will decline in value, while being long is a view its value will rise. 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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