IMM speculators increase long US dollar bets

19 Oct, 2008

Currency speculators increased their long positions on the US dollar after having reduced such bets for three straight weeks, according to the latest weekly data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position rose to $8.36 billion in the week to end October 14, from $5.45 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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