- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.CpFtWfic.dpuf Traders digest: USD shorts highest since august 18th

Saturday, 22 September 2012

USD shorts highest since august 18th

 According to CFTC data released on Friday, USD shorts increased.
    The value of the dollar's net short position rose to $10.05 billion in the
week ended Sept. 18, from $6.18 billion the previous week. Which is the largest
since Aug. 30 and the second straight weekly net short U.S. dollar position.
    Investors have sold U.S. dollars in the wake of the Federal Reserve's
commitment to inject further stimulus to a sluggish U.S. economy. The dollar
index has fallen 2.3 percent so far this month extending its August losses.
    Meanwhile, net euro shorts continue to dwindle to 73,482 contracts this
week, as investors were encouraged by European Central Bank action to lower
borrowing costs in Spain and Italy through bond purchases. The euro so far has
gained 3.2 percent this month.
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