Hedge Funds Are Shorting the Dollar as Havens Lose Favor: Chart

Hedge funds and other large speculators ramped up bets against the greenback versus most major currencies, except for the yen where they doubled down on wagers for the Japanese currency to slide. Speculators boosted their net short on the greenback against other majors, excluding the yen, to 279,100 contracts, the most since early 2013, while their bearish position on Japan’s currency surged to a 3 1/2-year high of 126,919, the latest CFTC commitment of traders report shows. The peso, the euro and the Aussie are among those in favor, giving positioning a decidedly risk-on, havens-off tone.

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