Reported 2 months ago
As the US presidential election approaches, traders, particularly hedge funds, are increasingly optimistic about the dollar, with over $17.8 billion in bullish positions recorded. This sentiment is attributed to a rise in demand for safe-haven assets and market uncertainty surrounding the closely contested race between Kamala Harris and Donald Trump. Analysts suggest a Trump victory could bolster the dollar due to anticipated tariffs, while a Harris administration may bring less uncertainty, potentially diminishing the dollar's appeal. Concurrently, traders are also betting against the yen and euro, reflecting a more favorable outlook for the dollar.
Source: YAHOO