CFTC Data Reveals Historic US Dollar Short Covering as Sentiment Turns Bullish Amid Global Uncertainty
CFTC data shows US Dollar net shorts hitting multi-year lows, signaling growing bullishness amid strong US economic fundamentals and Fed hawkishness. Meanwhile, rising Yen shorts reflect BOJ’s dovish stance and Euro longs decline amid Eurozone uncertainty. A pivotal shift in FX sentiment underway.
