18 days ago • Posted by Paul de La Baume
Bullish USD bets 🆙 #trading #markets #forex #Bloomberg
💡 Bets on the USD strengthening reach highest since June 2019. Investors are positioning heavily into the USD, on expectations that the Fed will withdraw stimulus next year and begin a number of rate hikes. The path to rate hikes will be dependent on the state of the US economy and inflation. Investors could also be finding comfort in holding USD as an alternative to other assets more vulnerable to a pullback. The Dollar is also finding buyers amid very high inflation rates in some regions such as Turkey, most recently.