UPDATE 1-Net long USD bets highest since August 2008-CFTC

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NEW YORK, April 30 (BestGrowthStock) – Currency speculators increased bets in the
latest week in favor of the U.S. dollar to the highest since the week of Aug.
26, 2008, Commodity Futures Trading Commission data showed on Friday.

The value of the dollar’s net long position totaled $16.24 billion in the
week ended April 27, compared with a net long of $9.78 billion a week earlier,
according to CFTC and Reuters data.

Speculators boosted bets against the euro to a new record of 89,013
contracts, according to Reuters data. The single currency has been under heavy
pressure, hitting a one-year low against the dollar on Wednesday, on
uncertainty over Greece’s debt crisis.

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.

To be short a currency is to bet it will decrease in value, while being
long a currency is a bet its value will rise.

Speculators also increased their net short positions on sterling to 54,666
contracts from 49,298 in the prior week, and boosted their bets against the
Swiss franc to 13,613 contracts.

The net long positions in the Australian and Canadian dollars were both
reduced in the latest week.

JAPAN YEN (Contracts of 12,500,000 yen)

4/27/10 week 4/20/10 week

Long 15,018 14,211

Short 64,795 64,549

Net -49,777 -50,338

EURO (Contracts of 125,000 euros)

4/27/10 week 4/20/10 week

Long 34,462 33,614

Short 123,475 105,038

Net -89,013 -71,424

POUND STERLING (Contracts of 62,500 pounds sterling)

4/27/10 week 4/20/10 week

Long 11,634 14,258

Short 66,300 63,556

Net -54,666 -49,298

SWISS FRANC (Contracts of 125,000 Swiss francs)

4/27/10 week 4/20/10 week

Long 13,031 9,838

Short 26,644 15,220

Net -13,613 -5,382

CANADA DOLLAR (Contracts of 100,000 Canadian dollars)

4/27/10 week 4/20/10 week

Long 72,366 82,664

Short 13,168 13,008

Net 59,198 69,656

AUSTRALIA DOLLAR (Contracts of 100,000 Aussie dollars)

4/27/10 week 4/20/10 week

Long 75,357 87,169

Short 9,289 8,265

Net 66,068 78,904

MEXICO PESO (Contracts of 500,000 pesos)

4/27/10 week 4/20/10 week

Long 107,556 118,977

Short 9,515 8,825

Net 98,041 110,152

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)

4/27/10 week 4/20/10 week

Long 17,554 14,497

Short 4,645 5,745

Net 12,909 8,752

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UPDATE 1-Net long USD bets highest since August 2008-CFTC