July 17, 2015 / 8:36 PM / 4 years ago

UPDATE 1-Net U.S. dollar longs rise to largest in five weeks -CFTC, Reuters

(Adds details, table)
    July 17 (Reuters) - Speculators increased bullish bets on
the U.S. dollar to the largest in about five weeks, according to
Reuters calculations and data from the Commodity Futures Trading
Commission released on Friday.
    The value of the dollar's net long position rose to $27.29
billion in the week ended July 14, from $25.76 billion in the
previous week. This week's net dollar longs were the highest
since June 9, rising for a third straight week.
    To be long a currency is to take a view it will rise, while
being short is a bet that its value will decline.
    Investors flocked to the safe-haven greenback in the last
few weeks amid the uncertain situation in Greece and the decline
in the Chinese stock market. Greece's debt crisis and China's
equity market have since stabilized, although that should not
deter further inflows into the U.S. dollar.  
    The dollar index so far this month is up 2.5 percent after
declining 1.5 percent in June.
    Net short positions on the euro, meanwhile, increased to
107,781 contracts in the latest week, from 99,266 contracts the
previous week.
    The Reuters calculation for the aggregate U.S. dollar
position is derived from net positions of International Monetary
speculators in the yen, euro, British pound, Swiss franc and the
Canadian and Australian dollars.
Japanese Yen (Contracts of 12,500,000 yen)

        Net SHORT -- -47,371        

EURO (Contracts of 125,000 euros)

        Net SHORT -- -107,781

POUND STERLING (Contracts of 62,500 pounds sterling)

        Net SHORT -- -24,199

SWISS FRANC (Contracts of 125,000 Swiss francs)

        Net LONG -- 3,081

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

        Net SHORT -- -40,726

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) 
        Net SHORT -- -33,541

 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chris Reese
and Dan Grebler)
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