(Corrects June 20 story to adjust number of contracts for
sterling and adjusts calculations)

NEW YORK, June 20 (Reuters) - Currency speculators are
betting the U.S. dollar will gain, the first time speculatative
investors have favored the greenback in almost 18 months, the
latest weekly data from the Commodity Futures Trading
Commission showed on Friday.

The value of the net long position was calculated by
Reuters at $2.61 billion in the week to June 17, a reversal of
the previous week's short position of $2.65 billion.

Investors have been continuously short the dollar since
February 20, 2007, according to Reuters calculations.

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)

6/17/08 week 6/10/08 week

Long 39,989 43,391

Short 34,132 35,675

Net 5,857 7,716

EURO (Contracts of 125,000 euros)

6/17/08 week 6/10/08 week

Long 49,514 57,544

Short 58,804 65,084

Net -9,290 -7,540

POUND STERLING (Contracts of 62,500 pounds sterling)

6/17/08 week 6/10/08 week

Long 20,534 28,040

Short 51,782 49,091

Net -31,248 -21,051

SWISS FRANC (Contracts of 125,000 Swiss francs)

6/17/08 week 6/10/08 week

Long 10,824 15,820

Short 19,738 19,552

Net -8,914 -3,732

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

6/17/08 week 6/10/08 week

Long 36,386 43,276

Short 37,337 25,697

Net -951 17,579

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

6/17/08 week 6/10/08 week

Long 42,536 57,536

Short 5,549 10,039

Net 36,987 47,497

MEXICAN PESO (Contracts of 500,000 pesos)

6/17/08 week 6/10/08 week

Long 99,948 90,984

Short 4,101 6,822

Net 95,847 84,162

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand
dollars)

6/17/08 week 6/10/08 week

Long 10,806 11,677

Short 9,240 8,477

Net 1,566 3,200
(Reporting by Nick Olivari)