Specs raise bets against U.S. dollar-CFTC

NEW YORK, Oct 29 (BestGrowthStock) – Currency speculators increased
bets against the dollar in the latest week as markets braced
for more monetary easing from the Federal Reserve, data from
the Commodity Futures Trading Commission showed on Friday.

The value of the dollar’s net short position rose to $24.53
billion in the week ended Nov. 2, compared to a net short of
$23.11 billion the previous week, according to Reuters and CFTC
calculations.

The Reuters calculation for the aggregate U.S. dollar
position is derived from the net positions of International
Monetary Market speculators in the yen, euro, British pound,
Swiss franc, Canadian and Australian dollars.

(Reporting by Steven C. Johnson; editing by Diane Craft)

Specs raise bets against U.S. dollar-CFTC