Dollar Bears' Case Grows as Wagers on Fed Hikes Fade
- Hedge funds, other speculators winning with net-short stance
- ECB meeting this week may sustain the trend, Mizuho says
State Street's Graf Says Markets Really Doubt the Fed
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The dollar’s deepening slide is making a winner of hedge funds and other speculators who are the most bearish in four years.
The greenback sank to a 10-month low Friday, rounding out its worst week since May, as weaker-than-forecast economic data raised doubts about the prospect of additional Federal Reserve tightening this year. Analysts at banks including Mizuho and Wells Fargo say the dollar’s got further to fall as Thursday’s European Central Bank meeting approaches.