Speculators lift short dollar bets to $8.60bn, CFTC data

• The net short dollar position was $8.60 billion for the week ended May 26, compared with a net short position of $7.66 billion for the week before that.
• US dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

NEW YORK: Speculators' net bearish bets on the US dollar increased in the latest week, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday.

The net short dollar position was $8.60 billion for the week ended May 26, compared with a net short position of $7.66 billion for the week before that.

US dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc and Canadian and Australian dollars.

Traders who are long on a currency believe it will rise in value, while being short points to a bearish bias.