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Traders Boost Bets on US Dollar Strength Ahead of Trump’s Return
Speculative currency traders bolstered wagers for an even stronger US dollar in the leadup to President-elect Donald Trump’s return to the White House. Derivative traders held the equivalent of roughly $34.6 billion in total bets that stand to benefit from further gains in the dollar as of Jan. 14, a nearly $1 billion increase from the week prior, according to the latest Commodity Futures Trading Commission data released on Friday and aggregated by Bloomberg. That’s the most since 2019. “They’re looking for opportunities to buy,” Kathy Lien, a veteran currency trader and managing director at BK Asset ... (full story)
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- Jan 18, 2025 1:01am Jan 18, 2025 1:01am
- zerotmoal2
- | Joined Jan 2025 | Status: Trader | 1 Comment
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- Posted: Jan 17, 2025 4:33pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 5,431
