Speculators turn net short US dollars, 1st time since late Oct-CFTC

NEW YORK Fri Dec 14, 2012 4:05pm EST

NEW YORK Dec 14 (Reuters) - Currency speculators turned bearish on the U.S. dollar for the first time since late October, while short yen positions rose in the latest week to the highest in over five years, according to data from the Commodity Futures Trading Commission released on Friday.

Net short U.S. dollars totaled $1.03 billion in the week ended Dec. 11, from a net long position of $920.79 million the previous week. To be short a currency is to bet it will decline in value, while being long is a view its value will decline.

Yen shorts this week hit 94,401 contracts, a more than five-year peak.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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