Hedge Funds Abandon Bullish Dollar Bets on Peak Fed Speculation
- Leveraged funds go net short dollar for first time since March
- US inflation report is next big risk for markets: Pepperstone
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Hedge funds have swung to an overall bearish dollar bet for the first time since March on a wager the Federal Reserve is finally approaching the end of its interest-rate hiking cycle.
Leveraged investors flipped to a net short position on the US currency of 20,091 contracts in the week through July 7, according to data from the Commodity Futures Trading Commission aggregated by Bloomberg. They were long by a net 5,196 contracts a week earlier.