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Traders Boost Bets Against Dollar to Highest in Almost a Decade

  • Speculators’ short positions hit highest since March 2011
  • Fed policy, U.S. deficits are seen weighing on the greenback
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WATCH: Bearish dollar bets look “overextended” according to Saxo Bank.Source: Bloomberg
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Speculative traders are ending the year doubling down on their bets against the dollar.

Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data. The gauge of the U.S. currency has fallen over 6% this year as investors turned against the greenback amid unprecedented monetary easing from the Federal Reserve and a move away from haven assets.