DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Speculative traders turn short on #dollar as #Fed rate cuts loom https://t.co/4IJI602vQb
💵Speculative Traders Turn Short Dollar as Fed Rate Cuts Loom Speculative traders turned bearish on the dollar for the first time since February as the Federal Reserve looks set to kick off its easing cycle in September. Hedge funds, asset managers and other players in the… https://t.co/fYcm8VvdDN
Speculative traders turned bearish on the dollar for the first time since February as the Federal Reserve looks set to kick off its easing cycle in September. https://t.co/PaLPXVWy94
The US dollar is experiencing its largest monthly loss in 2024 as all G-10 currencies surged against it in August. This decline is attributed to the Federal Reserve's anticipated interest-rate cuts, which have led speculative traders to turn bearish on the dollar for the first time since February. The Federal Reserve is expected to begin its easing cycle in September, prompting hedge funds, asset managers, and other market players to adopt a short position on the dollar.
