Markets

Specs increase long dollar bets in latest week: CFTC

Published July 13, 2012 Updated July 13, 2012 10:35pm

The value of the dollar's net long position rose to $24.58 billion in the week ended July 10, from $23.58 billion in the previous week.

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.

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

Copyright Reuters, 2012