• Sat. Sep 30th, 2023


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Hedge funds became bullish on the dollar.


Sep 18, 2023 ,
Хедж-фонды стали оптимистичны по отношению к доллару перед заседанием ФРС

For the first time since March, hedge funds began to be optimistic about the dollar as belief grew that Federal Reserve policymakers would retain a hawkish attitude.

In a message to a client, Wing Tin, head of global FX strategy at Brown Brothers Harriman & Co., wrote in New York City, “With U.S. data remaining relatively strong, we believe the dollar rally will continue.”

After holding their largest net short position on the dollar in more than two years in late July, investors have turned more bullish on the dollar over the previous seven weeks.

The change occurred as traders reduced their bets on a significant rate decrease in 2024 as a healthy U.S. economy boosted the possibility that Fed officials would stick to estimates of at least one more rate hike this year.

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