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U.S. dollar longs hit lowest in more than a year -CFTC, Reuters

(Adds table, details on dollar index, and British pound)

Sept 25 (Reuters) - Speculators further reduced bullish bets

on the U.S (Other OTC: UBGXF - news) . dollar this week to their lowest since late July

last year, 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 $20.48

billion in the week ended Sept. 22, from $20.97 billion the

previous week. This was the second straight week short-term

investors reduced U.S. dollar exposure and the fifth consecutive

week dollar longs came in under $30 billion.

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To be long a currency is to make a bet it will rise, while

being short is a bet its value will decline.

The period covers the Federal Reserve's decision to hold

U.S. interest rates unchanged last week, disappointing investors

eager to get the tightening policy going. The dollar was hurt by

the Fed's decision last week and the currency's near-term

outlook has dimmed a little bit given the uncertainty about the

timing of the Fed's first rate increase in nearly a decade.

This month so far the dollar index is up 0.3 percent.

In other currencies, sterling futures showed the most

notable change, turning net long to 1,267 contracts, from net

short contracts of 3,619 the previous week.

Ian McCafferty, a member of the Bank of England's Monetary

Policy Committee, pushed for a hike in British interest rates to

prevent inflation from overshooting in two to three years. He

was the only MPC (KOSDAQ: 050540.KQ - news) member though voting for a rate increase.

The pound in September was down nearly 1 percent and for the

year so far was 2.4 percent lower.

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.

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

22 Sep 2015 Prior week

week

Long 48,282 36,449

Short 71,960 63,263

Net (LSE: 0LN0.L - news) -23,678 -26,814

EURO (Contracts of 125,000 euros)

22 Sep 2015 Prior week

week

Long 63,526 63,416

Short 144,559 147,618

Net -81,033 -84,202

POUND STERLING (Contracts of 62,500 pounds sterling)

22 Sep 2015 Prior week

week

Long 45,001 43,206

Short 43,734 46,825

Net 1,267 -3,619

SWISS FRANC (Contracts of 125,000 Swiss francs)

22 Sep 2015 Prior week

week

Long 13,722 19,039

Short 15,598 15,257

Net -1,876 3,782

CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars)

22 Sep 2015 Prior week

week

Long 40,901 28,509

Short 79,295 75,592

Net -38,394 -47,083

AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars)

22 Sep 2015 Prior week

week

Long 42,666 59,117

Short 95,498 99,846

Net -52,832 -40,729

MEXICAN PESO (Contracts of 500,000 pesos)

22 Sep 2015 Prior week

week

Long 47,626 21,749

Short 59,982 77,034

Net -12,356 -55,285

NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars)

22 Sep 2015 Prior week

week

Long 22,990 22,462

Short 26,519 24,556

Net -3,529 -2,094

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Meredith

Mazzilli and James Dalgleish)