Net long U.S. dollars rise to highest in 6 months - CFTC, Reuters

Frankfurt (Aug 1)   Speculators lifted their bullish bets on the U.S. dollar in the latest week to the highest in six months, according to data from the Commodity Futures Trading Commission released on Friday.

The value of the dollar's net long position rose to $20.24 billion in the week ended July 29, from $14.12 billion the previous week. Net longs on the greenback have increased for a
third straight week.

To be long a currency is taking a view it will rise, while being short is a bet its value will decline.
A slew of generally positive U.S. economic data has boosted
the prospect that the Federal Reserve could be less than a year
away from raising interest rates, a positive scenario for the
U.S. dollar. Traders are assigning a roughly 51 percent chance
the Fed will hike rates in June 2015.
    Net euro shorts continued to build up, the largest in nearly
two years. This week, euro shorts totaled 108,075 contracts.
    The Reuters calculation for the aggregate U.S. dollar
position is derived from net positions of International Monetary
Market speculators in the yen, euro, British pound, Swiss franc
and Canadian and Australian dollars.
 

Source: Reuters