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Speculators’ net long bets on U.S. dollar cut

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© Reuters. FILE PHOTO: Lady holds U.S. greenback banknotes on this illustration taken Might 30, 2022. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) – Speculators’ internet lengthy bets on the U.S. greenback fell to a 5-week low, in accordance with calculations by Reuters and U.S. Commodity Futures Buying and selling Fee knowledge launched on Friday.

The worth of the web lengthy greenback place was $14.71 billion for the week ended Might 31. Final week, speculators’ internet lengthy place stood at $17.65 billion.

U.S. greenback positioning was derived from internet contracts of Worldwide Financial Market speculators within the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian {dollars}.

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