Currency speculators increased their bets against the US dollar in the week to Tuesday, data from the Commodity Futures Trading Commission showed on Friday. Traders in the International Monetary Market lifted their net short position in the US dollar to $30.73 billion in the week to October 30, up from $27.16 billion last week.
The biggest change in position in percentage terms was in the Swiss franc, where traders increased their net long positions to 10,790 contracts from 2,510 contracts the previous week. 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.
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