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Speculators Cut Short US dollar Bets in Latest Week

Posted by WorldWideMarkets . on Nov 8, 2013 3:39:00 AM

FX speculators cut their net bets against the U.S. dollar in the latest week for which data is available, according to data from the Commodity Futures Trading Commission released on Wednesday.

The value of the dollar's net short position fell to $3.146 billion in the week ended October 29 from $3.64 billion the previous week, according to one major house calculation.

Speculators have now been short the dollar since the week of October 8 or four straight weeks after being long since February 8.

The CFTC has been clearing the backlog of speculative positioning reports since the government shutdown. The release of the November 5 data today, November 8, is the first report that will be timed to its normal release date since the shutdown ended.cftc resized 600


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