Hedge funds have swung to an overall bearish dollar bet for the first time since March on a wager the Federal Reserve is finally approaching the end of its interest-rate hiking cycle. Leveraged investors flipped to a net short position on the US currency of 20,091 contracts in the week through July 7, according to data from the Commodity Futures Trading Commission aggregated by Bloomberg. They were long by a net 5,196 contracts a week earlier. Bloomberg’s gauge of the dollar has dropped 1.6% this year on signs the Fed is nearing the end of its tightening cycle and as the rest of the world has caught up in raising ... (full story)