81. Traders said investors who had held short, or oversold dollar positions ahead of the midterm election were now buying back the U.S. currency. 82. Traders said the dollar climbed after bank and other institutional investors covered their short, or oversold, dollar positions. 83. Traders said the release of trade figures prompted some traders to cover their short, or oversold, dollar positions, pushing the dollar above the New York level. 84. Trading in Tokyo remained thin in the absence of major market-moving factors, with many traders adjusting their dollar positions ahead of the weekend. 85. Trading remained thin, however, in the absence of major market-moving factors, with many traders adjusting their dollar positions ahead of the weekend. 86. U.S. investors were buying dollars to cover their short, or oversold, dollar positions, traders said. 87. Under these circumstances, market participants, who held short dollar positions, rushed to place stop-loss buying orders, he said. 88. Weakness in U.S. stocks and lingering concerns over financial problems in Latin America have also discouraged investors from aggressively building up dollar positions, traders said. 89. Vistan quoted some banks as saying the renewed pressure on the peso was coming from multinational firms wanting to cover their unhedged dollar positions. 90. Forex dealers warned traders are likely to cover their short dollar positions once the payment goes through, pressuring the rupiah. |
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