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Specs increase long USD positions

By   || January 5, 2010 at 02:44 GMT
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Speculators have increased long USD positions for a second straight week ending Dec 29 according to CFTC data. Dollar net long positions were valued at $4.76 bln, a dramatic increase from the net long of $700 mln the week prior, making it the biggest net long USD position since April. Obviously some position have been trimmed since then, even with Friday’s unemployment number approaching.

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One Response to “Specs increase long USD positions”

  1. JR on January 5th, 2010 03:54 GMT

    Here’s an article that supports the view of dollar strength- it paints a bleak portrait for the yen and euro…
    http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6927923/Global-bear-rally-of-2009-will-end-as-Japans-hyperinflation-rips-economy-to-pieces.html

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