Traders Bet on Weaker US Dollar for First Time Since Trump’s Win
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Speculative traders in the $7.5-trillion-a-day currency market turned bearish on the US dollar for the first time since Donald Trump won the US presidential election last year.
Hedge funds, asset managers and other traders have amassed $932 million worth of bets that the dollar will weaken, according to Commodity Futures Trading Commission data for the week ended March 18.