IMM speculators increase short bets on US dollar - CFTC

23 October 2009 @ 04:31 pm EDT

 NEW YORK, Oct 23 (Reuters) - Currency speculators increased bets against the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $18.65 billion in the week ending Oct 20 from a $17.99 billion net short the prior week. The increase in net short dollars was driven mainly by the sharp decline in bearish trades on sterling. The net short position on sterling fell to 43,318 contracts in the latest week from a record high at 65,346 previously. The aggregate U.S. dollar position is derived from the net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, Canadian and Australian dollars.

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