Hedge Funds Hold Back Amid Dollar’s Biggest Rally Since 2008
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Speculators barely raise net-long wagers on the greenback
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Yen strengthens after reports of earthquake, tsunami warning
As the dollar charged toward its best gain since the global financial crisis, hedge funds held back.
Wagers among large speculators for the U.S. currency to rise against eight major peers climbed by only 15 contracts to a net 221,204 in the week through Nov. 15, according to data from the Commodity Futures Trading Commission. Bloomberg’s dollar index climbed the most since 2008 in the two weeks just past amid speculation U.S. President-elect Donald Trump’s reflationary economic policies will trigger higher interest rates.
The yen rose after Japan issued a warning for a possible three meter tsunami on the coast of Fukushima, home to the nuclear power plant destroyed by a March 2011 earthquake…
Hedge Funds Hold Back Amid Dollar’s Biggest Rally Since 2008