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Speculators boost U.S. dollar bets to highest since early Feb - CFTC, Reuters
October 14, 2016 / 8:11 PM / a year ago

Speculators boost U.S. dollar bets to highest since early Feb - CFTC, Reuters

NEW YORK (Reuters) - Speculators lifted favourable bets on the U.S. dollar for a third straight week, with net longs hitting their highest level in more than eight months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.

A man walks past a currency exchange bureau advertisement showing an image of the U.S. dollar in Cairo, Egypt October 13, 2016. REUTERS/Mohamed Abd El Ghany

The value of the dollar’s net long position rose to $14.72 billion in the week ended Oct. 11, from $10.52 billion the previous week.

Sterling net short positions, meanwhile, dipped to 95,470 contracts from the previous week’s record high of 97,572 contracts, data showed.

Reporting by Sam Forgione; Editing by Leslie Adler

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