Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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
07:49a MITSUBISHI : plant could anchor new TIF district
07:48a MICROSOFT : What kind of dog are you? Microsoft's Fetch answers the question you never asked
07:39a TECOM : Dubai Holding Commercial Operations Group records 25% increase in net profit to AED 5.83 billion, revenues grew by 15% to AED 14.53 billion
07:33a PHILIPS : $26,736 Federal Contract Awarded to Philips Electronics North America
07:33a LOCKHEED MARTIN : MILITARY $141.94 Million Federal Contract Awarded to Lockheed Martin Aeronautics
07:33a L 3 COMMUNICATIONS : MILITARY $43.03 Million Federal Contract Awarded to L-3 Communications
07:33a CATERPILLAR : MILITARY $14.62 Million Federal Contract Awarded to Caterpillar
07:33a XEROX : $132,701 Federal Contract Awarded to Xerox Corp.
07:33a IPG PHOTONICS : MILITARY $365,160 Federal Contract Awarded to IPG Photonics
07:33a NORTHPOINT COMMUNICATIONS : Merged congregations to make home at Northpoint Vineyard in Granger
Latest news
Advertisement
Hot News 
AVENIR TELECOM : CSU textiles, design museum opens four exhibits to mark major expansion
VENTURE LIFE : In GBP3.7 Million Fundraising To Buy Mouthwash Maker (ALLISS)
DEUTSCHE POSTBANK : self-service solutions put control in customers' hands
LONDON & ASSOCIATED PROPERTIES : AND ASSOCIATED PROPERTIES PLC - Director/PDMR Shareholding
Paragon Offshore to File for Bankruptcy
Most Read News
02/12 THE FEMALE HEALTH COMPANY : Supports UNAIDS’ Call for Increased Investments in Condoms
02/12 PGA TOUR : Palmer's ace a winner for lucky fan
03:27a RBS hatches new businesses at HQ
02/12 ROBBINS GELLER RUDMAN & DOWD LLP : Files Class Action Suit Against Navient Corporation
02/12 CALIFORNIA AIR RESOURCES BOARD : ARB Newsclips for February 12, 2016.
Most recommended articles
07:14a China Lunar New Year holiday retail sales up 11.2 percent year-on-year
05:49a TOTAL : Iran to ship four million barrels of crude to Europe in coming 24 hours
05:45aDJChinese Factories Head to Higher-Tech Markets to Survive
05:07a BANK VTB PAO : Russia VTB's privatisation to take place when conditions 'suitable' - CEO
04:56a Market turmoil could hold back euro zone inflation - ECB's Coeure