1.   As a result, many investors are holding on to their New Zealand dollar positions, Sakamoto said.

2.   Officials also said commercial banks are expected to liquidate their dollar positions to pay for the new reserve requirements.

3.   The central bank also adjusted the ceiling on the private banks dollar positions, or reserves.

4.   Other traders also attributed the late recovery to some last-minute dollar-selling among Mexican banks holding long dollar positions.

5.   A Japanese commercial bank trader said players steadily unwound their long dollar positions in high-yielding currencies against the yen.

6.   After a few rounds of aggressive buying early in the session, traders later were squaring their dollar positions, Yoshinami said.

7.   As the dollar broke through the resistant line, market players, who held short dollar positions, rushed to place stop-loss buying orders, he said.

8.   Banks that were previously short on dollars were maintaining their dollar positions to prevent being under their required reserves of the currency, traders said.

9.   Banks usually prefer to keep long dollar positions ahead of weekends or holidays in the Philippines and in major markets overseas.

10.   Banks are expected to reduce their Hong Kong dollar positions to minimal levels because of fears that the local currency might be targeted again by currency speculators.