Investor bets on the U.S. dollar have climbed to their highest level in more than a decade, according to new Commodity Futures Trading Commission data.
The greenback has been the top-performing traditional safe-haven asset since the start of the war in Iran, outperforming gold, Treasury securities, and the Japanese yen. Its rally comes after last year’s post-election and tariff-fueled decline of around 10 percent.
Wall Street sentiment toward the greenback has shifted from bearish to bullish in recent months.
Long speculative positioning in the U.S. dollar among hedge funds and asset managers increased by about $43 billion for the week ending July 21, the highest in 15 years….