Speculators' net short U.S. dollar bets rise in latest week -CFTC, Reuters

By Kitco News / January 12, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 12 (Reuters) - Speculators' net short dollar bets rose in the latest week to the largest position since mid-October, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $8.85 billion, in the week to Jan. 9.

That compares with a net short position of $4.62 billion the previous week.

To be short a currency means traders believe it will fall in value.

The net long position in the euro grew to 144,691 contracts, a fresh record, the data showed. The net long position on Sterling grew to largest since September 2014.

Meanwhile, speculators' net short position on bitcoin Cboe futures rose to 1,907 contracts this week, the data showed.


(Reporting by Saqib Iqbal Ahmed; Editing by Lisa Shumaker)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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