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Currency speculators pared their bets in favour of the US dollar in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the US dollar's net long position were cut to $5.51 billion in the week ended November 4, down from $6.84 billion the previous week.
The aggregate US 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.

Copyright Reuters, 2008

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