NEW YORK |
Nov 16 (Reuters) – Currency speculators boosted
bets in favor of the U.S. dollar in the latest week, according
to data from the Commodity Futures Trading Commission released
The value of the dollar’s net long position rose to $4.72
billion in the week ended Nov. 13, up from $1.296 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.