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IMM speculators increase long bets on US dollar-CFTC
NEW YORK, Feb 5 (Reuters) - Currency speculators increased bets for further gains on the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position rose to $5.84 billion in the week ending Feb. 2, its highest level since the week of March 24 and up from $3.11 billion in the previous week, according to Reuters calculations. Full Story
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Submitted Feb 6, 2010 3:02am
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Feb 6, 2010 8:33am
They're going to get burned because the dollar will be giving back much of its recent gains next week, especially when stops get triggered and positions get reversed.