IMM speculators trim long dollar position

07 Sep, 2008

Currency speculators pared back their long positions in the US dollar, according to the latest weekly data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position slipped to $15.87 billion in the week to September 2, from $16.55 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.

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