Reported about 15 hours ago
For the first time since Donald Trump's election victory, traders in the currency market have begun to place bets against the US dollar, accumulating $932 million in bearish positions. This marks a significant change from January, when they had a $34 billion bet on a stronger dollar. Analysts attribute this shift to growing uncertainty surrounding Trump's economic policies and their negative impact on the US economy, leading to expectations of potential interest rate cuts by the Federal Reserve.
Source: YAHOO