Markets

Speculators pare long dollar bets in latest week

Published June 22, 2012 Updated June 22, 2012 08:36pm

The value of the dollar's net long position fell to $22.13 billion in the week ended June 19, from $38.77 billion the previous week.

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