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Article: IMM dollar long bets highest since Sept 2008-CFTC

Fri, Feb 19 2010

(Source: http://www.reuters.com/article/idUSN1911465120100219?loomia_ow=t0:s0:a49:g43:r1:c0.230769:b30920830:z0 )

NEW YORK, Feb 19 (Reuters) - Currency speculators increased
bets the U.S. dollar will rise to the highest level since the
week of Sept. 23, 2008, according to Commodity Futures Trading
Commission data released on Friday.

The value of the dollar's net long position rose to $9.69
billion in the week ended Feb. 16, from $9.41 billion in the
prior week.

The Reuters calculation for the aggregate U.S. dollar
position is derived from the net positions of International
Monetary Market speculators in the yen, euro, British pound,
Swiss franc, Canadian and Australian dollars.

The net short euro position at 59,422 contracts hit a fresh
record.

Speculators boosted their short bets against sterling and
reduced their long positions on the yen.

The CFTC data also showed speculators sharply increased
their bets on the Canadian dollar, with long positions at
23,455 contracts, up from 8,863 in the previous week.

To be short a currency is to bet it will decrease in value,
while being long a currency is a bet that its value will rise.

JAPANESE YEN (Contracts of 12,500,000 yen)

2/16/10 week 2/09/10 week

Long 35,691 41,352

Short 21,779 18,956

Net 13,912 22,396

EURO (Contracts of 125,000 euros)

2/16/10 week 2/09/10 week

Long 34,459 34,867

Short 93,881 92,019

Net -59,422 -57,152

POUND STERLING (Contracts of 62,500 pounds sterling)

2/16/10 week 2/09/10 week

Long 13,922 14,012

Short 70,001 66,768

Net -56,079 -52,756

SWISS FRANC (Contracts of 125,000 Swiss francs)

2/16/10 week 2/09/10 week

Long 10,763 9,219

Short 15,430 16,115

Net -4,667 -6,896

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

2/16/10 week 2/09/10 week

Long 35,026 24,285

Short 11,571 15,422

Net 23,455 8,863

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

2/16/10 week 2/09/10 week

Long 43,315 44,346

Short 16,312 16,740

Net 27,003 27,606

MEXICAN PESO (Contracts of 500,000 pesos)
-1,342,317,429.41

2/16/10 week 2/09/10 week

Long 43,429 42,328

Short 8,965 10,054

Net 34,464 32,274

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand
dollars) -525,728,850.00

2/16/10 week 2/09/10 week

Long 14,523 14,359

Short 7,088 9,636

Net 7,435 4,723
(Reporting by Wanfeng Zhou; Editing by Kenneth Barry)

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