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Speculators’ net long U.S. dollar bets hit highest since mid-October

© Reuters. FILE PHOTO – This illustration photograph June 1, 2017 shows a U.S. 5-dollar note. REUTERS/Thomas White/Illustration

NEW YORK (Reuters] – Speculators’ net long positions on the U.S. dollars rose to the highest point since mid-October according to U.S. Commodity Futures Trading Commission data.

Net longs increased to $22.11 billion from $18.30 billion the week prior. For the first time in seven consecutive weeks, U.S. Dollar net long positioning increased.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.