- Bullish bets on the U.S. dollar rose to about $40 billion, the highest level since December 2015.
- The dollar rose 2% in June as expectations grew for an additional Fed rate increase and interest rates staying higher for longer.
- CME FedWatch shows a 45% chance of a 0.25 percentage-point rate increase by October, while most drivers of dollar strength stem from interest-rate expectations.
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This article was published on Hankyung Global Market, South Korea’s largest platform for overseas investment information.
Bullish bets on the U.S. dollar have climbed to their highest level in more than a decade as expectations grow that the Federal Reserve will raise interest rates again.
Data from the U.S. Commodity Futures Trading Commission released on July 6 showed global traders’ bullish bets on the…
