NEW YORK May 17 Currency speculators increased
their bets in favor of the U.S. dollar to the highest in 11
months 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 $32.27
billion in the week ended May 14, the highest since mid-June,
2012, from $26.83 billion in 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 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.