IMM speculators increase short bets on US dollar-CFTC

Mon Nov 30, 2009 4:10pm EST

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 NEW YORK, Nov 30 (Reuters) - Currency speculators increased
bets against the U.S. dollar in the latest week to the most
since the period ending Oct 20, according to Commodity Futures
Trading Commission data released on Monday.
 The value of the dollar's net short position rose to $18.65
billion in the week ending Nov. 24 from a net short position of
$15.85 billion in the prior week.
 The aggregate U.S. dollar position, meanwhile, is derived
from the net positions of International Monetary Market
speculators in the yen, euro, British pound, Swiss franc,
Canadian and Australian dollars.  
 The biggest jump was in yen net long positions which rose
to 51,710 contracts from 35,552 in the prior week. The number
of net long yen positions was the highest since the week ended
April 29, 2008, according to Reuters data. .
 Open interest in yen positions rose 5,925 contracts to
131,833 contracts.
 Open interest is taken as a sign of the strength in a given
price movement though not an indication of direction.
Increasing open interest is said by analysts to illustrate
strength behind the price movement, while a drop shows
weakening price movement.
 A rise in open interest also indicates that the security is
being actively traded while a decline would show less
activity.
 The dollar fell around 0.9 percent against the yen JPY=
over the period covered by the latest IMM report.   
JAPANESE YEN (Contracts of 12,500,000 yen)
          11/24/09 week         11/17/09 week
Long          65,224               48,750
Short         13,514               13,198
Net           51,710               35,552
EURO (Contracts of 125,000 euros)
          11/24/09 week         11/17/09 week
Long          70,841               64,268
Short         52,374               52,312
Net           18,467               11,956
POUND STERLING (Contracts of 62,500 pounds sterling)
          11/24/09 week         11/17/09 week
Long          22,820               29,520
Short         34,175               36,105
Net          -11,355               -6,585
SWISS FRANC (Contracts of 125,000 Swiss francs)
          11/24/09 week         11/17/09 week
Long          26,136               25,311
Short          4,019                3,112
Net           22,117               22,199
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
          11/24/09 week         11/17/09 week
Long          30,492               35,653
Short          5,839               12,047
Net           24,653               23,606
 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
          11/24/09 week         11/17/09 week
Long          53,743               60,635
Short         10,179               13,747
Net           43,564               46,888
 MEXICAN PESO (Contracts of 500,000 pesos)
          11/24/09 week         11/17/09 week
Long          98,074               65,121
Short          8,808                9,813
Net           89,266               55,308
 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand
dollars)     11/24/09 week         11/17/09 week
Long          15,130               15,676
Short          3,546                3,002
Net           11,584               12,674
 (Reporting by Nick Olivari, Editing by Chizu Nomiyama)
 ((nick.olivari@thomsonreuters.com; +1 646 223 6151; Reuters
Messaging: nick.olivari.reuters.com@reuters.net))
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