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Speculators cut U.S. dollar longs to lowest since late October
Fawad Maqsood
15 Jan, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/01/dollar-us.jpg">Speculators pared bullish bets on the U.S. dollar in the latest week, with net longs falling to their lowest in 2-1/2 months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.</P><P>The value of the dollar's net long position slid to $25.29 billion in the week ended Jan. 12, from $28.78 billion in the previous week.</P><P>This was the third straight week that investors reduced net long dollar positions.</P><P>The dollar's allure has been diminished by turmoil in financial markets caused by the decline in oil prices and China's stock market losses.</P><P>There is a growing perception that these external factors could further slow the Federal Reserve's already gradual tightening policy.</P><P>Friday's weak U.S. economic reports have further bolstered that view. Interest rates futures markets have now priced in just one rate increase this year, compared with expectations of at least three hikes.</P><P>)
