IMM speculators cut long US dollar bets sharply

Posted by 7Star Sunday, March 7, 2010

Currency speculators cut by more than half their long bets on the US dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position fell to $5.58 billion in the week ended March 2, down from $12.77 billion in the prior week.

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