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US Dollar Bearish Bets Climb to Record High Among Asset Managers

From bnnbloomberg.ca

Asset managers boosted bearish dollar bets to a record amid speculation slowing US inflation will hasten the end of the Federal Reserve’s 16-month run of policy tightening. Institutional investors — including pension funds, insurers and mutual funds — increased net short position on the greenback by 18% to 568,721 contracts in the week through July 18, according to data on eight currency pairs from the Commodity Futures Trading Commission and aggregated by Bloomberg. The Bloomberg Dollar Spot Index slid the most in six months on July 12 when US government data showed inflation slowed more in June than economists ... (full story)

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  • Category: Fundamental Analysis