Reuters: Economic News: Dollar long bets rise to largest since January: CFTC

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Dollar long bets rise to largest since January: CFTC Mar 30th 2012, 20:12 Tweet Share this Email Print Related News Euro gains versus dollar and yen on Spain cuts 4:23pm EDT Euro gains versus dollar and yen; Bernanke triggers new quantitative easing talk Mon, Mar 26 2012 Euro rises to 3-week high, may pull back next week Fri, Mar 23 2012 Euro slips as peripheral yields rise on Spain fears Wed, Mar 21 2012 Euro creeps up vs dollar, gains seen short-lived Wed, Mar 21 2012 Analysis & Opinion What has happened to gold? Bloomberg's weird Buffett spoiler A picture illustration shows a 100 Dollar banknote laying on one Dollar banknotes, taken in Warsaw, January 13, 2011. Credit: Reuters/Kacper Pempel NEW YORK | Fri Mar 30, 2012 4:12pm EDT NEW YORK (Reuters) - Currency speculators boosted their bets in favor of the U.S. dollar in the latest week to their largest since January, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $19.58 billion in the week ended March 27, from $11.67 billion the previous week. Shorts on the yen, on the other hand, ballooned to their biggest since July 2007, according to Scotia Capital estimates. 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. (Reporting by Gertrude Chavez-Dreyfuss) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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