Hedge Funds in Biggest Dollar Short Since 2017 Risk Squeeze
- JPMorgan warns FX markets to get ‘dangerous’ into yearend
- BlueBay’s Dowding wishes he’d been long as greenback rebounded
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Hedge funds that have racked up the largest bets against the dollar in almost three years may be running headlong into a short squeeze.
With markets on edge over resurgent coronavirus cases and a contentious U.S. presidential election, predictions of the currency’s demise as the world’s number one haven appear premature. Investors went into the greenback’s strongest rally since April last week expecting losses against all-but-one of the Group-of-10 currencies, the first time that’s happened since 2013, according to ING Groep NV.