IMM speculators trim long US dollar bets

01 Feb, 2009

Currency speculators trimmed bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net long position was $177 million in the week ending January 27, down from $300 million 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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