Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

CFTC : Net U.S. Dollar Short Position $325.9 Million, Down 85%

11/09/2012 | 04:49pm US/Eastern
    By Georgia Wells 

The net amount of investor cash betting the yen would fall increased to its largest size since May 8, government data showed Friday.

As of Nov. 6, investors had increased their net short yen positions 7% to $6.2 billion. The previous week investors held a net $5.8 billion short yen position, according to the Commodities Futures Trading Commission.

On Nov. 2, the yen plunged to its lowest level versus the U.S. dollar since April, after a better-than-expected U.S. jobs report pointed to an improving U.S. economy, in contrast with Japan's economy.

Investors had also increased by 14% their net short euro positions during the same period. As of Nov. 6, investors held a net $10.8 billion short euro position, from $9.4 billion a week earlier.

As a result, the net amount of investor cash betting that the dollar would weaken decreased by 85%. As of Nov. 6, investors held a net $325.9 million short dollar position against a basket of currencies. The previous week the net short dollar position was $2.1 billion.

The last time the net dollar short position was this small was Sept. 4, before the Federal Reserve made an open-ended commitment on Sept. 13 to pump funds into the economy.

The data are compiled at the close of business Tuesday, so this report doesn't reflect investor positioning in response to President Barack Obama's re-election Tuesday night.

The CFTC's report tracks investors' positions on the Chicago Mercantile Exchange. Although the bets are only a fraction of global currency trading, they are considered representative of broad trading trends and general market sentiment.

Write to Georgia Wells at georgia.wells@dowjones.com.

React to this article
Latest news
Date Title
11:15a Allergan Reaches Settlement with New York Attorney General's Office in Memantine Immediate Release Litigation
11:14a EAAGADS : half year earnings down 21pc
11:14a NATURALLY SPLENDID ENTERPRISES : Adds Significant Korean Distributor
11:14a LIBERTY INTERACTIVE : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
11:13a AON : comments on Autumn Statement
11:13a Herbalife, CEO prevail in 'pyramid scheme' lawsuit
11:13a EIB EUROPEAN INVESTMENT BANK : Portugal: BPI receives a EUR 50 million EIB loan for SMEs in the agriculture sector
11:13a Patent Application Titled "Storage Element and Storage Device" Published Online (USPTO 20150325782)
11:13a RESEARCH AND MARKETS : U.S. Heating Equipment (Except Warm Air Furnaces) Market 2015 - Analysis And Forecast to 2020
11:12a Bacanora Announces $17.8 Million Raised to Advance Sonora Lithium Project
Latest news
Hot News 
DEALERTRACK TECHNOLOGIES : Cox Automotive Announces Strategic Investment in Mahindra First Choice Wheels
UBS : Consumption Indicator:sentiment brightens up
HARBOURVEST HVGPE : Press Release 31 October 2015 Interim Management Statement
REGENCY MINES : Disposal of Investment - Update
METALS EXPLORATION : Open Offer Results and Issue of Equity
Most Read News
11/24 GOVERNMENT OF BRITISH COLUMBIA : Team BC medallists in the spotlight at 2015 Skills Canada BC gala
11/24DJSingapore 3Q GDP Growth Revised Up Sharply
11/24 Hastings’ Managed Utilities Trust of Australia Named as a Successful Bidder for TransGrid
11/24 MINERALS COUNCIL OF AUSTRALIA : Timely completion of australia india nuclear cooperation agreement
11/24 GRAIN GROWERS : Business week supports Australia - Indonesia wheat trade
Most recommended articles
11:13a Herbalife, CEO prevail in 'pyramid scheme' lawsuit
11:10a SILVER PRICES : To Trade Lower On Strong U.S. Data
11:09aDJU.S. Stocks Inch Higher
11:05a Oil falls as spotlight returns to growing glut, dollar up
10:55a American Airlines stops accepting payments in Argentine pesos