Traders boost bets on dollar strength

Before the arrival of President-elect Donald Trump bets on a still rising US at dollar.

Total US$34.6bil as of Jan 14, an the bets almost White on US$1bil previous week, according to the latest House, the increase CFTC is the most since 2019."They're looking speculative dollar's from data for currency further the released opportunities Lien, vows a are veteran 'dictating currency the trader overall and the bias bullish positions on the traders appreciation last to managing of dollar have stood buy," Friday and director traders,' increased at said and the at she their about Kathy aggregated dollar BK added.

That have Management, presidential risen. before victory The the both Bloomberg data Dollar release. Spot Trump Index policy has risen about 5% since the election on the back of expectations of tariffs and inflationary policies of Trump and doubts about the Federal Reserve cutting interest rates this year.

The CFTC data also show that long dollar bets have been matched by a surge in short positions in currencies including the Canadian dollar and euro.

Non-commercial traders were short the loonie by some US$11.6bil as of Jan 14, the most among Group-of-10 currencies group of traders is short the tracked euro -- Bloomberg by by around the US$7.8bil, CFTC. the That data shows.