US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes

Bloomberg2023-01-16

Buy dollar trade is swiftly turning into top macro short: CIBCChina’s reopening optimism fuels gains in commodity currenciesThe dollar’s rally from an eight-month low could be fleeting as the growing ...

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ericbqlee
2023-01-17
ericbqlee
😊
ops22
2023-01-17
ops22
Ok
Doris11
2023-01-17
Doris11
Like
- ops22:
  ok
phantom74
2023-01-17
phantom74
like
- Doris11:
  ok
Seah CL
2023-01-17
Seah CL
K
AlanChong
2023-01-17
AlanChong
Ok

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Indonesia’s rupiah climbed more than 1%, the South Korean won advanced 0.8% and the offshore yuan rose to the strongest since July.“The dollar is under pressure as the market becomes more confident a Fed pause is coming,” said Rodrigo Catril, strategist at National Australia Bank Ltd. in Sydney. The rise of the yuan is “just as important” for commodity-linked currencies like the Australian dollar as risk sentiment improves, he 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