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Speculators' net long U.S. dollar bets at 5-week low -CFTC, Reuters

Published 2018-09-07, 03:46 p/m
Updated 2018-09-07, 03:50 p/m
© Reuters. Speculators' net long U.S. dollar bets at 5-week low -CFTC, Reuters

NEW YORK, Sept 7 (Reuters) - Speculators' net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

The value of the net long dollar position was $20.60 billion in the week ended Sept. 4, down from $23.34 billion the previous week. Speculators were net long dollars for a 12th straight week, after being short for 48 consecutive weeks.

To be long a currency means traders believe it will rise in value, while being short points to a bearish bias.

U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

Speculators trimmed their net short position on bitcoin Cboe future contracts to 1,368 contracts, down from a net short position of 1,472 contracts, the data showed.

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