(Bloomberg) Hedge funds are less bullish on the dollar even as the final countdown to next week’s likely Federal Reserve interest-rate increase begins.Large speculators’ futures wagers on a stronger dollar against a basket of eight currencies fell to net 379,040 contracts in the week through Dec. 8, from 417,129 the week before, according to Commodity Futures Trading Commission data. Their optimism toward the greenback has dimmed for two straight weeks.
Hedge Funds Trim Bullish Dollar Wagers on Brink of Fed Liftoff
This entry was posted in Syndicated. Bookmark the permalink.
