UPDATE 1-Speculators cut long dollar bets in latest week -CFTC, Reuters

By Kate Duguid

NEW YORK, Sept 13 (Reuters) - Speculators reduced their bullish bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $13.33 billion in the week to Sept. 10.

That compares with a net long position of $14.24 billion in the previous period.

In a wider measure of dollar positioning that includes net contracts on the Brazilian real and Russian ruble, the U.S. dollar posted a net short position valued at $12.58 billion, down from $13.11 billion a week earlier.

Early this week, the dollar drifted lower as investor appetite for higher risk currencies found support on a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a breakthrough in the U.S.-China trade war.

Since then, the dollar has fallen further as the euro has gained following the European Central Bank's decision on Thursday to exempt euro zone banks from a penalty charge, which analysts say will reduce the currency impact of new stimulus.

The ECB on Thursday cut its deposit rate to a record low -0.5% from -0.4% and said it will restart bond purchases of 20 billion euros a month from November. The purchases will run for as long as necessary and end shortly before it starts raising the key ECB interest rates.

Japanese Yen (Contracts of 12,500,000 yen) $-3.789 billion

         10 Sep 2019            Prior week
         week
 Long             56,579            57,222
 Short            23,988            29,540
 Net              32,591            27,682

         10 Sep 2019            Prior week
         week
 Long            180,535           186,144
 Short           230,377           235,280
 Net             -49,842           -49,136

         10 Sep 2019           Prior week
         week
 Long             37,903           38,695
 Short           130,136          123,654
 Net             -92,233          -84,959

         10 Sep 2019           Prior week
         week
 Long             16,087           16,362
 Short            18,979           22,201
 Net              -2,892           -5,839

         10 Sep 2019           Prior week
         week
 Long             54,971           48,206
 Short            43,448           42,857
 Net              11,523            5,349

         10 Sep 2019           Prior week
         week
 Long             36,994           34,089
 Short            90,008           93,407
 Net             -53,014          -59,318

         10 Sep 2019           Prior week
         week
 Long            126,807          126,271
 Short            31,170           34,480
 Net              95,637           91,791

         10 Sep 2019           Prior week
         week
 Long             22,490           21,066
 Short            52,280           51,742
 Net             -29,790          -30,676