Monday, Dec 14, 2009

Quite a drop.

FT: Fall in short positions bodes well for dollar

Investors have cut their bets against the dollar drastically amid growing speculation that the currency’s downward trend might have run its course.
Figures from the Chicago Mercantile Exchange, often used as a proxy of hedge fund activity, showed investors cut their net short positions in the dollar from 172,367 contracts on December 1 to 107,284 contracts on December 8.

Posted by dill @ 06:32 PM (913 views)
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