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Dollar Posts Weekly Loss as Bearish Bets Jump

1 month ago   |   By FXCM

By Yasin Ebrahim
Investing.com - The dollar posted a weekly loss as data showed bearish bets on the greenback surged to a more-than-two-year high.
Speculators increased their net short dollar position in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday, the largest bearish position since April 2018.
The value of the net short dollar position rose to $16.83 billion in the week ended June 23, compared with a net short of $15.69 billion the previous week, Reuters reported.
The U.S. dollar index, which measures the...
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