CFTC data released Friday July 9th showed IMM currency speculators decreased their bets short the US dollar for a fourth week in a row. According to Reuters News, the value of the net long US dollar position declined by 59.7% from $9.5 billion to$3.82 billion. The Cash US dollar Index at its peak of 88.70 on June 7th was up over 19% since the sovereign debt concerns began to enter the global currency markets in late November 2009. Since then we have seen a 5.64% correction of this year's "Flight to Quality" rally in the US dollar. (more)
Tuesday, July 13, 2010
Large Speculators Cut Bets Short Euro by 47%
CFTC data released Friday July 9th showed IMM currency speculators decreased their bets short the US dollar for a fourth week in a row. According to Reuters News, the value of the net long US dollar position declined by 59.7% from $9.5 billion to$3.82 billion. The Cash US dollar Index at its peak of 88.70 on June 7th was up over 19% since the sovereign debt concerns began to enter the global currency markets in late November 2009. Since then we have seen a 5.64% correction of this year's "Flight to Quality" rally in the US dollar. (more)
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