NEW YORK (Reuters) – Speculators cut their net short dollar positions in the latest week to the lowest level since mid-June, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.
The value of the net short dollar position fell to $13.40 billion in the period ended March 16, the smallest short position since the period ended June 9, compared with a net short of $22.29 billion the previous week.
In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian rouble, the U.S. dollar posted a net short position of $12.83 billion, compared with a net short of $23.11 billion a week earlier.
(Reporting by Kate Duguid; Editing by Leslie Adler)
