Speculators cut US dollar bets in latest week-CFTC

NEW YORK, Feb 10 (Reuters) - Currency speculators cut
their bets in favor of the U.S. dollar in the latest week,
according to data from the Commodity Futures Trading Commission
released on Friday.

The value of the dollar's net long position fell to $10.63
billion in the week ended Feb. 7, from $14.22 billion the
previous week. The latest week's tally was the smallest
cumulative dollar long since mid-November, according to CFTC and
Reuters calculations.

To be short a currency is to bet it will decline in value,
while being long is a view its value will rise.

The Reuters calculation for the aggregate U.S. dollar
position is derived from net positions of International Monetary
Market speculators in the yen, euro, British pound, Swiss franc,
Canadian and Australian dollars.

(Reporting By Steven C. Johnson, Editing by Gary Crosse)