Reuters: US Dollar Report: Speculators short the U.S. dollar -CFTC

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Speculators short the U.S. dollar -CFTC Oct 29th 2013, 11:57 Share this Email Print Reprints NEW YORK | Tue Oct 29, 2013 7:57am EDT NEW YORK Oct 29 (Reuters) - Currency speculators went short or bet against the U.S. dollar in the latest week for the first time since mid-February, according to data from the Commodity Futures Trading Commission released on Monday and Reuters calculation. The value of the dollar's net short position was $3.28 billion in the week ended Oct. 8 compared with a net long position of $692.8 million the previous week. It was the first net short position since the week of February 12. The release of speculative trading data is the second since the government reopened and the CFTC attempts to clear the backlog. 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) 7,368,495,767.09 10/08/13 week 10/01/13 week Long 28,165 18,634 Short 85,262 100,958 Net -57,097 -82,324 EURO (Contracts of 125,000 euros) -11,651,212,412.50 10/08/13 week 10/01/13 week Long 127,301 128,580 Short 58,618 60,304 Net 68,683 68,276 POUND STERLING (Contracts of 62,500 pounds sterling) -881,595,137.50 10/08/13 week 10/01/13 week Long 58,681 47,329 Short 49,910 45,833 Net 8,771 1,496 SWISS FRANC (Contracts of 125,000 Swiss francs) -1,440,445,895.11 10/08/13 week 10/01/13 week Long 20,313 17,898 Short 9,898 11,262 Net 10,415 6,636 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) 835,793,535.94 10/08/13 week 10/01/13 week Long 33,857 43,734 Short 42,520 44,689 Net -8,663 -955 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) 2,486,728,720.00 10/08/13 week 10/01/13 week Long 17,221 14,928 Short 43,625 43,732 Net -26,404 -28,804 MEXICAN PESO (Contracts of 500,000 pesos) -413,455,356.81 10/08/13 week 10/01/13 week Long 27,284 37,161 Short 16,351 22,560 Net 10,933 14,601 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) -892,070,760.00 10/08/13 week 10/01/13 week Long 18,343 17,706 Short 7,577 6,815 Net 10,766 10,891 Link this Share this Digg this Email Reprints

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