Risk Assets On The Rise As Dollar Weakens

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 speculators were slashing their long bets in the USD. The net long in USD hit the lowest level…