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COT Report: Limited US dollar demand despite continued strength; Accelerated metals selling led by gold
Flows were unexpectedly mixed during a week when the USD surged over 2%, driven by investor concerns about impending tariffs, trade wars, and rising bond yields. These factors forced a recalibration of US rate cut expectations, boosting the greenback amid widening interest rate differentials. The hardest-hit currencies were the euro and the Mexican peso, both losing around 2.8%. Despite the USD’s strength, speculative positioning showed mixed responses. Remarkably, the gross USD long versus eight IMM futures remained unchanged at USD 17.5 billion, potentially highlighting a cautious market stance on further USD ... (full story)
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- Posted: Nov 18, 2024 11:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,101
