US dollar net shorts largest since early Aug 2011-CFTC, Reuters

by on September 28, 2012 7:51 pm GMT

NEW YORK, Sept 28 |
Fri Sep 28, 2012 3:51pm EDT

(Reuters) – Currency speculators boosted
bets against the U.S. dollar in the latest week to the highest
in more than a year, according to data from the Commodity
Futures Trading Commission released on Friday.

The value of the dollar’s net short position rose to $17.96
billion in the week ended Sept. 25 from a net short of $10.05
billion the previous week. It was the third straight weekly net
short position for the U.S. dollar.

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, sterling, Swiss franc,
Canadian and Australian dollars.