The Number Of Bets On The US Dollar Has Never Been Higher
Earlier this month, we brought you the history of the U.S. dollar's incredible comeback.
Now, it seems, the entire world has caught on.
According to this chart from Jason Goepfert — aka SentimenTrader — we hit a record number of long-USD positions this week: 54,000.
This confirms BAML's Ralph Preusser's and Athanasios Vamvakidis' recent observation that people are "buying America" again thanks to stronger housing and production data.
It also arguably refutes those who argue the Fed is weakening the
The dollar settled slightly lower against the Euro Friday on renewed hopes of a Cyprus deal.
- Markets trade on firm note in last part of special trading session
- Markets settle marginally higher in first part of special trading session
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