All
 

 

Just in:  

You are here: Home»Markets»FXMM»Americas»Speculators long US dollar bets unchanged in latest week: CFTC

DollarNEW YORK: Currency speculators bets in favor of the US dollar were unchanged in the latest week, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net-long position stood at $13.65 billion in the week ended Aug. 7, unchanged from the previous week when it was at its lowest level since May 1.

The data reflects positions in the days following comments made by European Central Bank President Mario Draghi who said the bank would do whatever it takes to save the euro and may buy bonds of stressed countries to bring down borrowing costs.

The euro on Monday hit a one-month high of $1.2443 according to Reuters data.

However, the common currency was headed for its first weekly drop against the dollar and yen in three weeks on Friday as investors refocused on uncertainty about potential ECB action to contain the debt crisis and deteriorating growth in the euro zone.

That performance of the euro will likely be reflected in data collated Aug. 14 and released Aug. 17.

To be short a currency is to bet it will decline in value, while being long is a view its value will rise.

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, Canadian and Australian dollars.

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln