Apr
11
Hedge Funds Abandoning Dollar’s Biggest Bull Run in a Generation
By-
Greenback drop to 9-month low follows worst quarter since 2010
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Fed fueling weakness as rate-increase expectations dissipate
Hedge funds are close to calling it quits on the dollar’s best run in a generation.
Large speculators cut net bullish positions on the greenback to the lowest in almost two years last week. If they keep trimming at the current pace, those bets will be wiped out entirely by the end of the month. Currency options are signaling a less than one in four chance the greenback will extend its two-year, 25 percent surge against the euro in 2016, while against the yen, the likelihood is less than one in 10…
Hedge Funds Abandoning Dollar’s Biggest Bull Run in a Generation
