Dollar Bull Bets Jump Most in Six Months on Fed Signals: Chart

Hedge funds and other large speculators increased bullish bets on the dollar by 78,083 contracts in the week ending May 24, the biggest jump since November, to a net long position of 67,430, according to data from the Commodity Futures Trading Commission. The Bloomberg Dollar Spot Index has climbed 3.6 percent this month, set for the biggest gain since September 2014, as the odds that the Federal Reserve will raise interest rates in June more than doubled to 30 percent.

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