Fri Jul 30, 2010 4:01pm EDT
NEW YORK, July 30 (Reuters) - Currency speculators increased net short dollar positions in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position was $5.73 billion in the week ended July 27 compared with a net short position of $5.66 billion in the previous week, according to CFTC and Reuters data. Speculators had been long the dollar for most of 2010 and and the July 13 report was the first time speculators were betting against it since the week ended March 16 when the value of the net short position was just $121 million. The last time the value of the dollar's net short position was larger that this week's position was when it reached $11.77 billion in the week to Dec. 8, 2009, according to Reuters calculations. The Reuters calculation for the aggregate U.S. dollar position is derived from the net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, Canadian and Australian dollars. Speculators were still betting against the euro and sterling in the latest week but trimmed short positions in both currencies. They increased long positions on the Australian dollar and the Canadian dollar but reduced long positions on the Swiss franc. JAPANESE YEN (Contracts of 12,500,000 yen) 7/27/10 week 7/20/10 week Long 48,488 54,733 Short 18,567 13,822 Net 29,921 40,911 EURO (Contracts of 125,000 euros) 7/27/10 week 7/20/10 week Long 56,622 55,008 Short 77,961 79,259 Net -21,339 -24,251 POUND STERLING (Contracts of 62,500 pounds sterling) 7/27/10 week 7/20/10 week Long 17,107 16,448 Short 35,047 43,215 Net -17,940 -26,767 SWISS FRANC (Contracts of 125,000 Swiss francs) 7/27/10 week 7/20/10 week Long 15,283 19,977 Short 9,067 4,864 Net 6,216 15,113 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) 7/27/10 week 7/20/10 week Long 27,045 23,739 Short 3,177 7,315 Net 23,868 16,424 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) 7/27/10 week 7/20/10 week Long 51,282 45,253 Short 10,749 12,367 Net 40,533 32,886 MEXICAN PESO (Contracts of 500,000 pesos) 7/27/10 week 7/20/10 week Long 51,784 43,551 Short 6,466 7,665 Net 45,318 35,886 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) 7/27/10 week 7/20/10 week Long 18,398 14,523 Short 4,724 5,550 Net 13,674 8,973 (Reporting by Nick Olivari; Editing by Kenneth Barry) Currencies Global Markets var headlineEncoded = 'IMM-Speculators+increase+net+short+dollar+position-CFTC'; var currentId = 'USN3021117920100730'; var storyChannel = 'asianCurrencyNews'; var storyEdition = 'BETAUS'; Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Reuters.utils.replaceContent("moreFromReuters", "/assets/sharedModuleLoader?view=RSM-US-More-From-Reuters", null, null); var L_VARS=new Object(); L_VARS.publisher_key="1552306999"; L_VARS.guid = Reuters.info.articleId; var anchor=document.getElementsByTagName('HEAD')[0]; var script= document.createElement("SCRIPT"); script.src="http://widget-cache.loomia.com/js/clixdom.js"; anchor.appendChild(script); Reuters © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Middle East Forex Wire External Story - Read full article here
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