IMM speculators increase bets against US dollar

11 May, 2008

Currency speculators increased bets against the US dollar in the latest period, weekly data from the Commodity Futures Trading Commission showed on Friday. The value of the net short US dollar position rose to $8.58 billion in the week to May 6, up from $5.76 billion in 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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