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The U.S. DOLLAR FALLS TO 7 YEAR LOWS

@djmckennon

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

value.

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