Friday, July 29, 2016

UPDATE 2-Speculators lift U.S. dollar net longs to highest since Feb -CFTC, Reuters

* Dollar net long bets rise to highest since Feb. 2

* Sterling net shorts rise to most since 2013

(Adds data on sterling, euro)

By Dion Rabouin

NEW YORK, July 29 (Reuters) - Speculators raised bullish

U.S. dollar bets this week to the highest level in nearly five

months, as investors were encouraged by strong U.S. economic

data that reinforced expectations of an interest rate hike by

the Federal Reserve in 2016.

The strong dollar position was also bolstered by short bets

agains

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