Speculators trim short dollar position; trims short bets on bitcoin-CFTC, Reuters data

By Kitco News / January 05, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 5 (Reuters) - Speculators raised net short U.S. dollar bets, pushing them to their highest level since mid-December, 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 $4.62 billion in the week ended Jan. 2, up from net shorts of around $460 million the previous week.

Speculators, meanwhile, pared back net short position on bitcoin futures traded on Cboe Global Markets to 1,688 contracts this week, from 1,801 the previous week, CFTC data showed.


(Reporting by Gertrude Chavez-Dreyfuss; 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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