Okay-To The Moon - Tiger Brokers Online Investing Community - To The Moon

10
Comment
Favorite

aliciatng
2023-01-16

Okay

US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes

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

US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

10

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9956908333,"tweetId":"9956908333","gmtCreate":1673870473423,"gmtModify":1676538896687,"author":{"id":3572214398550610,"idStr":"3572214398550610","authorId":3572214398550610,"authorIdStr":"3572214398550610","name":"aliciatng","avatar":"https://static.tigerbbs.com/c4b23ee891a1061c7907495a9c7da890","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":113,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Okay</p></body></html>","htmlText":"<html><head></head><body><p>Okay</p></body></html>","text":"Okay","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9956908333","repostId":1159330224,"repostType":2,"repost":{"id":"1159330224","pubTimestamp":1673869379,"share":"https://www.laohu8.com/m/news/1159330224?lang=&edition=full","pubTime":"2023-01-16 19:42","market":"fut","language":"en","title":"US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159330224","media":"Bloomberg","summary":"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 ","content":"<html><head></head><body><ul><li>Buy dollar trade is swiftly turning into top macro short: CIBC</li><li>China’s reopening optimism fuels gains in commodity currencies</li></ul><p>The dollar’s rally from an eight-month low could be fleeting as the growing view that the Federal Reserve will slow the pace of interest-rate hikes is likely to keep selling pressure on the US currency.</p><p>The Bloomberg Dollar Spot Index made slight gains on Monday, but remains down nearly 2% since the start of the year as investors have sold the greenback in droves. Easing US inflation expectations has prompted funds to ditch the ultimate haven asset, triggering a rebound in most major currencies.</p><p>“Just two weeks into the year, and it feels like the big ‘buy dollar’ trade of 2022 is turning into the hottest macro short now,” said Patrick Bennett, strategist at Canadian Imperial Bank of Commerce in Hong Kong. In addition to the Fed, “we are also being driven by a reversal in China with Zero Covid scrapped well ahead of when it was expected.”</p><p><img src=\"https://static.tigerbbs.com/04f520e631d725ac4528590c0049d91f\" tg-width=\"1200\" tg-height=\"675\" width=\"100%\" height=\"auto\"/></p><p>The dollar’s fortunes have suffered a dramatic U-turn in recent months as funds from JPMorgan Asset Management to Goldman Sachs Group Inc. predict the Fed will soon rein in the pace of its tightening. Traders are now expecting the Fed fund rate to peak at 4.94% from more than 5% earlier this month.</p><p>The Bloomberg Dollar Spot Index dropped as much as 0.4% to reach the lowest since April 2022 early on Monday, before clawing back losses to trade 0.1% higher on the day. Yet more selling may be in store this year, with strategists at Morgan Stanley forecasting the euro to end the year at 1.15, ratcheting up its previous call for 1.08.</p><p>“Macro forces once constraining USD weakness are now amplifying it,” they wrote in a note. “Global growth is showing signs of buoyancy, macro and inflation uncertainty are waning, and the USD is rapidly losing its carry advantage.”</p><p>The greenback’s decline comes as data from the Commodity Futures Trading Commission show leveraged funds have cut yen shorts to the lowest level since February 2021. They also trimmed bearish bets on the Aussie while switching to net longs on the New Zealand dollar.</p><h2>Fed Pause</h2><p>The resumption of economic activity in China is bolstering demand for risk-sensitive currencies, with the Australian dollar rising above 70 US cents for the first time since August on Monday. Indonesia’s rupiah climbed more than 1%, the South Korean won advanced 0.8% and the offshore yuan rose to the strongest since July.</p><p>“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 said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-16 19:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-16/dollar-shorts-become-favorite-trade-as-fed-seen-slowing-hikes><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-16/dollar-shorts-become-favorite-trade-as-fed-seen-slowing-hikes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UDN":"做空美元指数-PowerShares","UUP":"美元ETF-PowerShares DB"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-16/dollar-shorts-become-favorite-trade-as-fed-seen-slowing-hikes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159330224","content_text":"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 view that the Federal Reserve will slow the pace of interest-rate hikes is likely to keep selling pressure on the US currency.The Bloomberg Dollar Spot Index made slight gains on Monday, but remains down nearly 2% since the start of the year as investors have sold the greenback in droves. Easing US inflation expectations has prompted funds to ditch the ultimate haven asset, triggering a rebound in most major currencies.“Just two weeks into the year, and it feels like the big ‘buy dollar’ trade of 2022 is turning into the hottest macro short now,” said Patrick Bennett, strategist at Canadian Imperial Bank of Commerce in Hong Kong. In addition to the Fed, “we are also being driven by a reversal in China with Zero Covid scrapped well ahead of when it was expected.”The dollar’s fortunes have suffered a dramatic U-turn in recent months as funds from JPMorgan Asset Management to Goldman Sachs Group Inc. predict the Fed will soon rein in the pace of its tightening. Traders are now expecting the Fed fund rate to peak at 4.94% from more than 5% earlier this month.The Bloomberg Dollar Spot Index dropped as much as 0.4% to reach the lowest since April 2022 early on Monday, before clawing back losses to trade 0.1% higher on the day. Yet more selling may be in store this year, with strategists at Morgan Stanley forecasting the euro to end the year at 1.15, ratcheting up its previous call for 1.08.“Macro forces once constraining USD weakness are now amplifying it,” they wrote in a note. “Global growth is showing signs of buoyancy, macro and inflation uncertainty are waning, and the USD is rapidly losing its carry advantage.”The greenback’s decline comes as data from the Commodity Futures Trading Commission show leveraged funds have cut yen shorts to the lowest level since February 2021. They also trimmed bearish bets on the Aussie while switching to net longs on the New Zealand dollar.Fed PauseThe resumption of economic activity in China is bolstering demand for risk-sensitive currencies, with the Australian dollar rising above 70 US cents for the first time since August on Monday. 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 said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}