IMM speculators short US dollars in latest week

21 Dec, 2008

Currency speculators turned short US dollars in the latest week for the first time since July, according to data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net short position was around $238.3 million in the week ending December 16, from a net long of $2.72 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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