Just in:  

You are here: Home»Articles & Letters»Articles»Speculators slightly trim long US dollar bets

Speculators slightly trim long US dollar bets

Speculators slightly trimmed their net long US dollar position in the latest week, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net long position edged lower to $47.38 billion in the week ended December 2 from $47.99 billion the previous week. Last week was the largest net long position on the greenback since 2008, when Reuters started computing dollar positioning.

This week was also the ninth straight that US dollar longs have touched at least $40 billion, which reflects bullish sentiment on prospects for the US economy and currency. Friday's US nonfarm payrolls report, which saw the economy create 321,000 jobs in November, should encourage more short-term currency investors to further increase their net long dollar contracts. To be long a currency is to take a view it will rise, while being short is a bet its value will decline. The Reuters calculation for the aggregate US dollar position is derived from net positions of international monetary speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

Copyright Reuters, 2014


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln