Just in:  

You are here: Home»General News»Pakistan»Speculators cut net dollar longs to lowest since mid-June

Speculators cut net dollar longs to lowest since mid-June

Speculators pared back bullish bets on the US dollar in the latest week to their smallest in more than two months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $23.99 billion in the week ended August 25, from $32.26 billion the previous week. This was the first time in four weeks that net dollar longs came in below $30 billion.

To be long a currency is to make a bet it will rise, while being short is a bet its value will decline. Concerns about global equity weakness and China's deepening slowdown convinced speculators that the Federal Reserve would delay raising interest rates. That prompted a sell-off in the dollar the last two weeks.

At the same time, investors bought back the euro and yen, as they unwound carry trades, or bets in high-yielding assets, funded in both low-interest rate currencies. As a result, net euro short contracts dropped to 66,078 in the latest week, from 92,732 previously. This week's net euro shorts were the smallest in more than a year. Net short yen contracts also fell to 39,059, from 90,130 the previous week. That was the lowest net shorts since mid-May. The Reuters calculation for the aggregate US dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

Copyright Reuters, 2015


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln