Long speculative positioning in the U.S. dollar has climbed to its strongest level in nearly a decade, underscoring growing conviction behind the currency’s rally.
Speculative bullish positioning in the U.S. dollar has risen to $43.3 billion, marking the highest level since 2015. The jump in long speculative positioning signals that traders are increasingly concentrated on further gains in the currency, a sign of strong market conviction that can also leave positioning crowded if sentiment shifts.