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Speculators pare dollar bets to lowest since late July -CFTC, Reuters

(Adds details on latest data in paragraph

5, table)

May 22 (Reuters) - Speculators further

scaled back bullish bets on the U.S.

dollar in the latest week, pushing the

currency's net long position to the lowest

in over nine months, according to Reuters

calculations and data from the Commodity

Futures Trading Commission released on

Friday.

The value of the dollar's net long

position fell to $25.81 billion in the

week ended May 19, from $29.11 billion the

previous week. Net longs on the dollar

declined for a eighth straight week.

It was also the sixth consecutive week

that longs on the dollar came in below $40

billion.

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To be long in a currency is to take a

view it will rise, while being short is a

bet that its value will decline.

Net short positions on the euro,

meanwhile, fell for a seventh straight

week, totaling 168,339 contracts, down

from 178,976 previously. The decline in

the negative bets on the euro was driven

by disappointing U.S. data that has hurt

the dollar and easing concerns about

deflation in the euro zone.

The Reuters calculation for the

aggregate U.S. dollar position is derived

from net positions of International

Monetary speculators in the yen, euro,

British pound, Swiss franc and Canadian

and Australian dollars.

Japanese Yen (Contracts of 12,500,000 yen)

$2.279 billion

19 May 2015 Prior week

week

Long 63,398 37,848

Short 85,403 61,441

Net -22,005 -23,593

EURO (Contracts of 125,000 euros)

$23.456 billion

19 May 2015 Prior week

week

Long 38,758 43,333

Short 207,097 222,309

Net -168,339 -178,976

POUND STERLING (Contracts of 62,500 pounds

sterling)

$2.264 billion

19 May 2015 Prior week

week

Long 41,132 37,511

Short 64,494 68,280

Net -23,362 -30,769

SWISS FRANC (Contracts of 125,000 Swiss

francs)

$-1.255 billion

19 May 2015 Prior week

week

Long 12,114 14,778

Short 2,709 4,228

Net 9,405 10,550

CANADIAN DOLLAR (Contracts of 100,000

Canadian dollars)

$-0.355 billion

19 May 2015 Prior week

week

Long 25,184 29,133

Short 20,836 33,115

Net 4,348 -3,982

AUSTRALIAN DOLLAR (Contracts of 100,000

Aussie dollars)

$-0.579 billion

19 May 2015 Prior week

week

Long 65,130 59,435

Short 57,807 54,948

Net 7,323 4,487

MEXICAN PESO (Contracts of 500,000 pesos)

$1.032 billion

19 May 2015 Prior week

week

Long 23,706 34,027

Short 55,037 61,066

Net -31,331 -27,039

NEW ZEALAND DOLLAR (Contracts of 100,000

New Zealand dollars)

$0.164 billion

19 May 2015 Prior week

week

Long 11,192 14,268

Short 13,423 12,498

Net -2,231 1,770

(Reporting by Richard Leong; Editing by

Meredith Mazzilli and Lisa Shumaker)