Hedge Funds Bet the Dollar Will Erase All Gains in the Tightening Cycle

With the Federal Reserve likely to signal this week that its most aggressive cycle of rate hikes in decades is coming to an end, investors are betting heavily on a lower dollar.

According to the U.S. Commodity Futures Trading Commission (CFTC), hedge funds and other large speculators' net short positions betting that the U.S. dollar will fall against major rival currencies rose to more than 70,000 contracts as of April 25, the highest since June 2021.

Goldman Sachs, Trafigura See Copper Price Skyrocketing to All-Time High, Citing Stocking Out

Weak Electric Vehicle Pricing Will Spread To New Car Market, Analyst Says

JP Morgan Chase, Citigroup and Deutsche Bank See US Recession in the Cards

Rio Tinto: Pilbara Iron Ore Shipments Hit All-Time High in the First Quarter, Copper Output at 145,000 mt

Goldman Sachs: European Central Bank to Raise Interest Rates Three Times, Ups Forecast for Peak Interest Rate

IEA: Global Electric Vehicle Sales Proliferated in 2022, China Led the Growth

SMM Daily Comments (Apr 25): LME Base Metals Prices Fall across the Board, Coke Prices Plunge, Oil Posts 3-day Winning Streak