Monday, February 1, 2010

IMM Currency Specs Buying USD

CFTC data released Friday January 29th showed currency speculators reversed short positions on the US dollar of 3.12 billion to a net long positions of 3.11 in the week ending January 26th, according to Reuters News. Significant changes in last Friday's report include both an increase in longs and a decrease in shorts in the Yen, significantly lowering the net short position, an increase in shorts in the Euro, both a decrease in longs and an increase in shorts in the Pound Sterling, and decreases in net longs in the Canadian and Australian dollars, mostly in the Canadian, however. (more)

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