Make Kitco Your Homepage

Speculators' net short dollar positions largest since January 2013 -CFTC, Reuters

Kitco News

NEW YORK, Aug 11 (Reuters) - Speculators' net short bets on the U.S. dollar grew this week to their largest position since January 2013, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

The value of the dollar's net short position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $10.23 billion, in the week ended Aug. 8.

That compares with a net short position of $5.32 billion, the previous week.

Euro net long bets, meanwhile, grew to their largest position since May 2011, with 93,685 contracts, CFTC data showed.

Speculators' net long bets on the Canadian dollar rose to the largest position since January 2013, data showed.

(Reporting by Saqib Iqbal Ahmed; Editing by Sandra Maler)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News