Speculators’ net long U.S. dollar bets hit six-week high -CFTC, Reuters data
A U.S. 5 dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration
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NEW YORK, Nov 29 (Reuters) – Speculators’ net long bets on the U.S. dollar rose to the highest level since mid-October in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday.
The value of the net long dollar position was $22.11 billion for the week ended Nov. 23, up from net longs of $18.30 billion in the previous week. U.S. dollar net long positioning rose for the first time in seven weeks.
U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars.
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In a wider measure of dollar positioning , which includes net…
