By Gertrude Chavez-Dreyfuss
NEW YORK (Reuters) – U.S. dollar net longs slid in the latest week, according to Reuters calculations and Commodity Futures Trading Commission data released on Friday.
The value of the net long dollar position declined to $1.06 billion in the week ended Aug. 17, from $3.08 billion in the previous week. U.S. dollar positioning has been net long for five straight weeks after staying net short for 16 months.
U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound and Swiss franc, as well as the Canadian and Australian dollars.
In a broader measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the greenback posted a net long position of $796 million, down from $2.993 billion the previous week.
Despite the dip in U.S. dollar net long positioning, the…