Currency speculators trimmed their bets against the US dollar last week, weekly data from the Commodity Futures Trading Commission showed on Friday. The value of the net short US dollar position fell to $16.41 billion in the week to April 1 after climbing to $23.86 billion the previous week, a 3-1/2-month high.
The aggregate US dollar position is derived from the net positions of International Monetary Market speculators in yen, euro, British pound, Swiss franc, Canadian and Australian dollars. Speculators went short sterling, reversing long positions from the prior week and also sharply cut long yen positions.
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