CORRECTED-IMM speculators increase shorts on U.S. dollar
(In July 7 item, corrects dollar calculation for sterling in table to 328,003,481.30 from 325,379,453.40)
NEW YORK, July 7 (Reuters) - Currency speculators increased their bets against the dollar and are positioned for further declines in the U.S. currency, latest weekly data from the Commodity Futures Trading Commission showed on Monday.
Speculators were net short the dollar to the amount of $11.78 billion in the week-ended July 1 from a $1.17 billion net short position in the prior week.
The aggregate U.S. dollar position is derived from the net positions of International Monetary Market speculators in yen, euro, British pound, Swiss franc, Canadian and Australian dollars.
JAPANESE YEN (Contracts of 12,500,000 yen) -1,886,136,513.62
7/01/08 week 6/24/08 week
Long 45,189 34,316
Short 29,184 47,063
Net 16,005 -12,747
EURO (Contracts of 125,000 euros) -5,463,240,050.00
EURO (Contracts of 125,000 euros) -5,463,240,050.00
7/01/08 week 6/24/08 week
Long 88,162 57,904
Short 60,479 56,472
Net 27,683 1,432
POUND STERLING (Contracts of 62,500 pounds sterling) 328,003,481.30
7/01/08 week 6/24/08 week
Long 38,184 24,735
Short 40,815 37,578
Net -2,631 -12,843
SWISS FRANC (Contracts of 125,000 Swiss francs) -809,919,584.19
7/01/08 week 6/24/08 week
Long 26,040 14,081
Short 19,433 16,482
Net 6,607 -2,401
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) 957,738,211.70
7/01/08 week 6/24/08 week
Long 24,732 27,397
Short 34,522 31,886
Net -9,790 -4,489
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) -4,910,073,590.00
7/01/08 week 6/24/08 week
Long 60,912 57,267
Short 9,503 7,885
Net 51,409 49,382
MEXICAN PESO (Contracts of 500,000 pesos) -3,564,850,530.38
7/01/08 week 6/24/08 week
Long 80,362 101,766
Short 6,427 3,596
Net 73,935 98,170
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) -239,887,820.00
7/01/08 week 6/24/08 week
Long 11,988 11,543
Short 8,822 8,893
Net 3,166 2,650 (Reporting by Nick Olivari)
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