Hedge Funds Raise Bets on Dollar Gains for Fifth Straight Week
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Hedge funds boosted wagers on dollar strength for a fifth week as traders prepare for a month in which the Federal Reserve may raise interest rates for the first time in almost a decade.
Bets on further appreciation versus eight major peers outweighed those on a slump by a net 428,298 contracts in the week through Nov. 24, according to a release from the Commodity Futures Trading Commission. That’s up from 411,208 contracts a week earlier.