Markets

US dollar net shorts largest since early Aug 2011: CFTC

Published September 28, 2012 Updated September 28, 2012 11:21pm

The value of the dollar's net short position rose to $17.96 billion in the week ended Sept. 25 from a net short of $10.05 billion the previous week. It was the third straight weekly net short position for the US dollar.

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, sterling, Swiss franc, Canadian and Australian dollars.

Copyright Reuters, 2012