UPDATE 1-Speculators trim long U.S. dollar bets -CFTC

Fri Oct 7, 2011 4:01pm EDT

Related Topics

NEW YORK, Oct 7 (Reuters) - Currency speculators decreased
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 $13.77
billion in the week ended Oct. 4, from net longs of $14.38
billion a week earlier.
    Speculators slightly increased bets against the euro, with
a net short position of 82,697 contracts. A week earlier, net
euro shorts stood at 82,473 contracts.
    Speculators also reversed bets in favor of the Swiss franc
in the latest week, as the currency has weakened significantly
following the Swiss National Bank's move to put a floor under
the euro/Swiss franc exchange rate.
    Net long bets on the commodity-linked Australian dollar
more than doubled to 12,911 contracts, the CFTC data showed.
    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)
             10/04/11 week         9/27/11 week
   Long          60,867               61,166
   Short         17,405               18,844
   Net           43,462               42,322
    EURO (Contracts of 125,000 euros)
             10/04/11 week         9/27/11 week
   Long          18,104               19,705
   Short        100,801              102,178
   Net          -82,697              -82,473
    POUND STERLING (Contracts of 62,500 pounds sterling)
             10/04/11 week         9/27/11 week
   Long          14,929               14,288
   Short         83,653               78,298
   Net          -68,724              -64,010
    SWISS FRANC (Contracts of 125,000 Swiss francs)
             10/04/11 week         9/27/11 week
   Long           5,110                6,618
   Short          6,219                4,194
   Net           -1,109                2,424
    CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
             10/04/11 week         9/27/11 week
   Long          22,713               21,320
   Short         38,395               41,870
   Net          -15,682              -20,550
    AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
             10/04/11 week         9/27/11 week
   Long          35,937               29,422
   Short         23,026               24,255
   Net           12,911                5,167
    MEXICAN PESO (Contracts of 500,000 pesos)
             10/04/11 week         9/27/11 week
   Long           6,904               10,211
   Short         32,335               30,837
   Net          -25,431              -20,626
    NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand
dollars)
             10/04/11 week         9/27/11 week
   Long          12,929               14,475
   Short          7,363                4,884
   Net            5,566                9,591
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.