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UPDATE 1-Speculators cut bearish dollar bets in latest week -CFTC, Reuters
August 18, 2017 / 8:14 PM / a month ago

UPDATE 1-Speculators cut bearish dollar bets in latest week -CFTC, Reuters

 (Adds data, table)
    By Dion Rabouin
    Aug 18 (Reuters) - Speculators reduced their negative bets
on the U.S. dollar this week to $8.84 billion from $10.23
billion last week, data from the Commodity Futures Trading
Commission compiled by Reuters showed.
    The value of net negative contracts against the greenback
had increased for the past seven weeks until the week ending
Aug. 15, data showed, when net short bets had reached their
highest since January 2013.
    The reduction of dollar short bets came as investors pulled
out of historic long positions in the euro and Canadian dollar. 
   Euro net long bets last week had grown to their largest
position since May 2011, CFTC data showed.
    Speculators' net long bets on the Canadian dollar had
risen to the largest position since January 2013.
    The number of net long contracts on both currencies was
reduced in the week ending Aug. 15.
    A broader measure of speculator positioning that includes
net contracts on the New Zealand dollar, Mexican peso, Brazilian
real and Russian ruble, showed the U.S. dollar posted a net
short position of $13.36 billion, down from $15.79 billion last
week, which was the largest dollar net short position since
January 2013.
    To be long a currency is to bet it will appreciate in value
while to be short a currency means investors bet its value will
fall.
    The dollar ended this week higher against the euro for the
first time in six weeks, but fell against the Canadian dollar
after two straight weekly increases. 
    The Reuters calculation for the aggregate U.S. dollar
position is derived from net positions of International Monetary
speculators in the yen, euro, British pound, Swiss franc and
Canadian and Australian dollars.
    
Japanese Yen (Contracts of 12,500,000 yen) 
 $8.753 billion
         15 Aug 2017            Prior week
         week             
 Long             43,308            39,810
 Short           120,800           135,623
 Net             -77,492           -95,813
 
EURO (Contracts of 125,000 euros)
 $-11.625 billion
         15 Aug 2017            Prior week
         week             
 Long            190,336           201,231
 Short           111,069           107,546
 Net              79,267            93,685
 
POUND STERLING (Contracts of 62,500 pounds sterling)
 $2.563 billion
         15 Aug 2017           Prior week
         week             
 Long             63,810           58,617
 Short            95,670           83,777
 Net             -31,860          -25,160
 
SWISS FRANC (Contracts of 125,000 Swiss francs)
 $0.152 billion
         15 Aug 2017           Prior week
         week             
 Long             12,556           15,268
 Short            13,737           16,670
 Net              -1,181           -1,402
 
CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)
 $-4.026 billion
         15 Aug 2017           Prior week
         week             
 Long             86,455           98,237
 Short            35,106           35,416
 Net              51,349           62,821
 
AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)
 $-4.66 billion 
         15 Aug 2017           Prior week
         week             
 Long             93,318           92,077
 Short            33,706           34,067
 Net              59,612           58,010
 
MEXICAN PESO (Contracts of 500,000 pesos)
 $-2.665 billion
         15 Aug 2017           Prior week
         week             
 Long            130,900          130,668
 Short            36,051           24,231
 Net              94,849          106,437
 
NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)
 $-1.797 billion 
         15 Aug 2017           Prior week
         week             
 Long             33,509           40,241
 Short             8,670            6,756
 Net              24,839           33,485
 
 (Reporting by Dion Rabouin; Editing by Phil Berlowitz and David
Gregorio)
  

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