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Speculators up net long USD bets to 5-week high -CFTC, Reuters

Fri, 20th Sep 2019 20:46

NEW YORK, Sept 20 (Reuters) - Speculators boosted their netlong bets on the U.S. dollar in the latest week to a five-weekhigh, according to calculations by Reuters and Commodity FuturesTrading Commission data released on Friday.

The value of the net long dollar position was $15.29 billionin the week ended Sept. 17. The net long dollar position hadstood at $13.33 billion last week.

To be long a currency means traders believe it will rise invalue, while being short points to a bearish bias. U.S. dollarpositioning was derived from net contracts of InternationalMonetary Market speculators in the Japanese yen, euro, Britishpound, Swiss franc and Canadian and Australian dollars.(Reporting by Saqib Iqbal Ahmed; Editing by David Gregorio)

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