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TABLE-Speculators cut long dollar bets for 5th week -CFTC, Reuters
08/23/2013 Email this story  |  Printable Version

NEW YORK, Aug 23 (Reuters) - Currency speculators pared their bets in favor of the U.S. dollar for a fifth consecutive week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $13.54 billion in the week ended Aug. 20 from $17.62 billion the previous week. That was the smallest net long since the week ended June 25. Speculators were bullish on the euro for a third straight week, with net long contracts totaling 36,746, up from 16,057 the previous week. The Reuters calculation for the aggregate U.S. 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 it will rise.

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