NEW YORK Dec 2 Currency speculators increased
their bets in favor of the U.S. dollar in the latest week,
according to data from the Commodity Futures Trading Commission
and Thomson Reuters released on Monday.
The value of the dollar's net long position rose for a
fourth straight week to $20.39 billion in the week ended Nov.
26, this highest since the week ended Sept. 10 and up from $17.1
billion the previous week.
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.
To be short a currency is to bet it will decline in value,
while being long is a view its value will rise.