Speculators trim bearish dollar bets to six-week low - CFTC, Reuters

By Kitco News / February 16, 2018 / www.kitco.com / Article Link

NEW YORK, Feb 16 (Reuters) - Speculators' net short dollar bets shrank to a six-week low, in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar positions, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $8.19 billion, in the week to Feb. 13.

That compares with a net short position of $12.93 billion the previous week.

To be short a currency means traders believe it will fall in value.

Speculators' net short position on bitcoin Cboe futures fell to 1,875 contracts, down from a net short position of 2,040 contracts in the prior week, the data showed.


(Reporting by Saqib Iqbal Ahmed; editing by Diane Craft)

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.

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