Foreign exchange speculators raised their net bets on the U.S. dollar to the highest in six weeks, using Commodity Futures Trading Commission data released Fiday and one major house calculation.
The value of the dollar's net long position rose for a third straight week to $22.01 billion in the trading week ended Sept. 10, from $20.08 billion the prior week.
Much of the overall change came from position adjustments in the yen and euro. Net short bets on the Japanese yen jumped to 95,066 contracts from 79,761 contracts the week before. Net euro long bets almost halved with a decline to 12,696 contracts from 22,738 contracts the previous week.
The data will be more than a week old by the time the U.S. Fedral Reservbe announces its policy decision from the Sept. 17 and 18 meeting but this is still the last data before that meeting and could indicate that at least speculators are still betting on the tapering of QE.