Currencies
Traders Boost Bets on US Dollar Strength Ahead of Trump’s Return
- Non-commercial traders hold some $35b in bullish dollar wagers
- Bloomberg’s greenback gauge up nearly 5% since election day
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Speculative currency traders bolstered wagers for an even stronger US dollar in the leadup to President-elect Donald Trump’s return to the White House.
Derivative traders held the equivalent of roughly $34.6 billion in total bets that stand to benefit from further gains in the dollar as of Jan. 14, a nearly $1 billion increase from the week prior, according to the latest Commodity Futures Trading Commission data released on Friday and aggregated by Bloomberg. That’s the most since 2019.