Bullish bets on the US dollar hit four-week low - CFTC
|Speculators trimmed the net long bets on the US dollar slightly in the latest week to a four-week low, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
The value of the net long dollar position fell to $26.16 billion in the week ended Oct. 23 from the previous week's $27.64 billion. Speculators were net long dollars for a 19th straight week.
US dollar positioning was derived from net contracts of International Monetary Market speculators in the yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.
At press time, the US dollar exchange rate, as represented by the dollar index, is seen at 96.47 – up 0.11 percent on the day.
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