Specs raise U.S. dollar bets in latest week -CFTC, Reuters
New York (July 11) Speculators increased their bullish bets on 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 rose to $10.34
billion in the week ended July 8, from $8.65 billion the
previous week when it was the smallest net long on the dollar in
To be long a currency is a view it will rise, while being
short is a bet itsvalue will decline.
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
and Canadian and Australian dollars.