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Currency speculators reduced bets against the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position fell to around $11.78 billion in the week ending December 8, from a net short of $21.8 billion the previous week, according to a Reuters calculation.
The aggregate US dollar position is derived from the net positions of International Monetary Market (IMM) speculators in the yen, euro, British pound, Swiss franc, Canadian and Australian dollars.

Copyright Reuters, 2009

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