Reported about 13 hours ago
Hedge funds globally are increasing their options trading to bet on a strengthening dollar as it recovers against major currencies like the euro and yen. Recent data shows that traders believe the dollar's upward trend will continue through the year-end, evidenced by a surge in euro-dollar put options traded. Although the dollar experienced some weakness due to factors like the US government shutdown, hedge funds are showing a bullish attitude towards it, especially against most Group-of-10 currencies, while cautioning against the Australian dollar due to its central bank's position.
Source: YAHOO