NEW YORK, May 4 (Reuters) – Speculators’ net short dollar
bets fell to a seven-week low in the latest week, 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 $15.15 billion in the week to May 1.
That compares with a net short position of $19.77 billion
the previous week.
To be short a currency means traders believe it will fall in