Dollar net longs hit 2-month high; pound shorts at record high -CFTC, Reuters



Speculators lifted favourable dollar bets for a second straight week, with net longs hitting their highest in roughly two months, as investors priced in an interest rate hike by the Federal Reserve after the release of upbeat U.S. data this week.
The value of the dollar's net long position rose to $10.52 billion in the week ended Oct. 4 from $9.71 billion the previous week, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. This was the highest since the week of August 9.
The dollar has garnered support from recent U.S. reports that... read more

 
7 October 2016 in World News, Views: 40
Source: Reuters
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