In anticipation of President-elect Donald Trump's return to the White House, speculative currency traders have increased their bets on the strength of the US dollar. Non-commercial traders are reported to hold approximately $35 billion in bullish dollar wagers. Bloomberg's gauge of the dollar has risen nearly 5% since election day, indicating growing confidence among traders regarding the dollar's performance in the near future. Market sentiment remains focused on the implications of Trump's presidency for the currency markets.
Traders Boost Bets on US #Dollar Strength Ahead of #Trump’s Return - Bloomberg
🇺🇸 Traders Boost Bets on US #Dollar Strength Ahead of #Trump’s Return - Bloomberg https://t.co/CkVmWBrk4S https://t.co/0Tt650dP0g
Traders Boost Bets on US Dollar Strength Ahead of Trump’s Return Non-commercial traders hold some $35b in bullish dollar wagers Bloomberg’s greenback gauge up nearly 5% since election day https://t.co/feg1qP52dP