Dollar Bulls Amass Record $48 Billion Stake in Rally: Currencies
This article is for subscribers only.
Among the hedge-fund crowd, no currency comes close to the dollar in terms of appeal.
Together with other large speculators, the lightly regulated pools of capital have pushed net bullish-dollar positions to a record $48 billion, data from the Commodity Futures Trading Commission in Washington show. So convinced are they the greenback will extend its biggest rally since the global financial crisis that it’s now seen gaining against the euro, yen, pound and its five other major peers.