Risk Assets On The Rise As Dollar WeakensVW Staff
Thanks to USD's leaping performance over the last two years, hedge funds making the bull trade on the U.S. dollar were rewarded particularly well. The currency is probably at the end of its prolonged upward hike that started in 2014. USD stumbled the most in March, suffering its biggest monthly drop since 2010. Historically, the strength of USD has been inversely related to appetite for risk assets.
Large Specs cut their long USD bets
At the start of this month, data from CFTC showed that large . . .
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