International Finance: Fund managers are turning ever more pessimistic on the US dollar

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 84%

México Noticias Noticias

México Últimas Noticias,México Titulares

Asset managers are turning ever more bearish on the dollar amid bets that the Federal Reserve may be approaching the peak of its interest-rate hike cycle.

Investors boosted short positions on the reserve currency to 321,758 contracts last week, the most since July 2021, according to data from the Commodity Futures Trading Commission on eight currency pairs compiled by Bloomberg. Hedge funds are similarly bearish: they sold the greenback for a fifth consecutive week.

“The dollar’s exceptionalism premium is receding as the Fed approaches maximum hawkishness,” said John Bromhead, strategist at Australia & New Zealand Banking Group Ltd. “The safe haven premium is also falling as the backdrop improves,” with the Europe energy situation looking less dire, he added.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 3. in MX

México Últimas Noticias, México Titulares