Reported about 14 hours ago
Currency options traders are experiencing unprecedented negativity towards the dollar, with one-year risk reversals indicating a strong preference for puts over calls. This bearish sentiment has intensified amidst concerns over US fiscal policy and rising government debt, resulting in a significant decline in the Bloomberg Dollar Spot Index. Despite hopes for a temporary relief in US-China trade tensions, the outlook remains bleak, leading to increased positions betting against the dollar.
Source: YAHOO