NEW YORK, June 8 (Reuters) - Speculators’ net short dollar bets rose slightly in the latest week, after shrinking for six straight weeks, 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 $5.54 billion in the week to June 5.
That compares with a net short position of $4.85 billion the previous week.
To be short a currency means traders believe it will fall in value.
The net short position on bitcoin CBOE futures was 1,926 contracts, the largest net short position since early February, the data showed. (Reporting by Saqib Iqbal Ahmed Editing by Phil Berlowitz )