AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.50 Increased By ▲ 2.97 (2.29%)
BOP 6.86 Increased By ▲ 0.18 (2.69%)
CNERGY 4.58 Decreased By ▼ -0.05 (-1.08%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 42.90 Increased By ▲ 1.21 (2.9%)
DGKC 84.60 Increased By ▲ 0.83 (0.99%)
FCCL 32.99 Increased By ▲ 0.22 (0.67%)
FFBL 77.40 Increased By ▲ 1.93 (2.56%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.20 Decreased By ▼ -0.35 (-0.32%)
HUMNL 14.42 Decreased By ▼ -0.14 (-0.96%)
KEL 5.58 Increased By ▲ 0.19 (3.53%)
KOSM 8.38 Decreased By ▼ -0.02 (-0.24%)
MLCF 39.68 Decreased By ▼ -0.11 (-0.28%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.80 Decreased By ▼ -0.86 (-0.43%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.63 Decreased By ▼ -0.03 (-0.39%)
PPL 159.23 Increased By ▲ 1.31 (0.83%)
PRL 26.16 Decreased By ▼ -0.57 (-2.13%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 81.98 Decreased By ▼ -0.46 (-0.56%)
TELE 8.14 Decreased By ▼ -0.17 (-2.05%)
TOMCL 34.48 Decreased By ▼ -0.03 (-0.09%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.89 Decreased By ▼ -0.58 (-3.32%)
TRG 59.31 Decreased By ▼ -2.01 (-3.28%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,627 Increased By 220.4 (2.12%)
BR30 31,916 Increased By 203 (0.64%)
KSE100 99,016 Increased By 1687.2 (1.73%)
KSE30 30,815 Increased By 622.7 (2.06%)

Speculators reduced their bullish bets on the US dollar in the week ended Jan. 22 to the smallest position since September, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position - derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars - was $23.40 billion, in the week ended Jan. 22.
That compared with a net long position of $24.02 billion the previous week. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the US dollar posted a net short position valued at $27.55 billion, down from $32.03 billion, a week earlier.
The speculative market has been long on the dollar since mid-June last year. To be long on a currency means traders believe it will rise in value, while being short points to a bearish bias. The CFTC suspended the release of the data because of the 35-day partial US government shutdown, but resumed on Feb 1.

Copyright Reuters, 2019

Comments

Comments are closed.