Speculators raise US dollar bets to largest since February

NEW YORK: Speculators favored the US dollar for a third straight week, with net longs rising to their highest in four 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 rose to $11.30 billion in the week ended June 7, from $4.86 billion the previous week.

Sterling net shorts expanded to their largest in three years roughly three weeks ahead of a crucial vote about Britain's future in the European Union.