Specs trim U.S. dollar bets; longs lowest since November-CFTC, Reuters
March 14 (Reuters) - Speculators pared bullish bets on the U.S. dollar for a fifth straight week, with net longs falling to their lowest in more than four months, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position dropped to $10.56 billion in the week ended March 11, from $11.60 billion the previous week. That was the smallest net long on the dollar since the week of Nov. 5. Last Friday's stronger-than-expected U.S. non-farm payrolls report failed to lift sentiment on the greenback, which had previously been undermined by a string of soft economic data. Overall, however, investors have maintained net long positions on the dollar for 19 consecutive weeks. The last time speculators were short the greenback was in late October 2013. The CFTC report also showed that there has been an influx into the safe-haven Swiss franc over the last week, with tensions between Russia and Ukraine escalating. Short-term investors have quadrupled their bets on the Swiss currency from last week's levels to 8,957 long contracts. The euro has proven resilient as well, notching longs of 36,385 contracts, from 23,452 the previous week. To be long a currency is a view it will rise, while being short is a bet its value will decline. The Reuters calculation for the aggregate U.S. dollar position is derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars. JAPANESE YEN (Contracts of 12,500,000 yen): March 11, 2014 week Prior week Long 15,726 20,407 Short 115,082 100,116 Net -99,356 -79,709 EURO (Contracts of 125,000 euros): March 11, 2014 week Prior week Long 110,103 103,868 Short 73,718 80,416 Net 36,385 23,452 POUND STERLING (Contracts of 62,500 pounds sterling): March 11, 2014 week Prior week Long 64,553 71,021 Short 42,554 41,416 Net 21,999 29,605 SWISS FRANC (Contracts of 125,000 Swiss francs) March 11, 2014 week Prior week Long 23,097 21,818 Short 14,140 19,650 Net 8,957 2,168 CANADA DOLLAR (Contracts of 100,000 Canadian dollars): March 11, 2014 week Prior week Long 25,180 23,306 Short 77,371 84,402 Net -52,191 -61,096 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars): March 11, 2014 week Prior week Long 8,627 12,262 Short 49,477 53,370 Net -40,850 -41,108 MEXICO PESO (Contracts of 500,000 pesos): March 11, 2014 week Prior week Long 12,739 8,230 Short 20,986 28,980 Net -8,247 -20,750 NEW ZEALAND DOLLAR (Contracts of 100,000 NZ dollars): March 11, 2014 week Prior week Long 21,155 19,346 Short 6,706 5,914 Net 14,449 13,432
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