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Bearish US Dollar Bets Near Decade High as 2020 Draws to an End
Speculative traders are ending the year doubling down on their bets against the dollar. Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data. The gauge of the U.S. currency has fallen over 6% this year as investors turned against the greenback amid unprecedented monetary easing from the Federal Reserve and a move away from haven assets. “Hedge funds are spoilt for choice when looking for reasons to be short the dollar,” said Vishnu Varathan, head of economics and strategy at ... (full story)
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- Dec 29, 2020 8:37am Dec 29, 2020 8:37am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2573 Comments
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- Dec 29, 2020 9:38am Dec 29, 2020 9:38am
- Tony112
- Joined Apr 2008 | Status: sometimes... news come unexpected | 2573 Comments
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