NEW YORK, April 26 Currency speculators slightly
reduced their 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 $24.94
billion in the week ended April 23, from $25.18 billion the
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.