Dollar Rises as Hedge Funds Position for Further Gains in 2016
- Speculators added bets on dollar gains after Fed liftoff
- Greenback rises versus euro, Swiss franc and British pound
Is the Dollar Bull Run Over?
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The dollar climbed the most in nearly two weeks versus the euro after a report showed hedge funds boosted bets on a strong greenback for the first time in a month.
The U.S. currency advanced after Commodity Futures Trading Commission data for the week ended Dec. 22 showed speculators added bets on the greenback following the Federal Reserve’s decision to raise interest rates. Higher Treasury yields also supported the currency by making dollar-denominated investments more attractive.