Hedge funds most cautious on dollar in 2 months: McGeever
Speculators have cut their net long dollar position to a two-month low, but this is not necessarily evidence of a more fundamental souring of sentiment toward the greenback. At least not yet. While the ebbing of U.S. rate hike expectations recently has eroded the dollar’s rate appeal, none of its G4 rivals are glowing alternatives. The Federal Reserve is still expected to outgun its peers when it comes to raising interest rates. Indeed, funds scaling back their bullish bets on the dollar may be simply taking profit, clearing the decks, ...
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