Reuters (May 8)
2018/ 05/ 10 by jd in Global News
“Hedge funds and speculators spent the first four months of the year betting heavily against the dollar. They’re now running for the hills. The increasingly rapid rate at which they’re slashing their short dollar positions is creating a vicious cycle.” Moreover, it looks like “this ‘pain trade’ has further to run because, historically, the overall short position remains large.”
Tags: Dollar, Hedge funds, Pain trade, Short dollar positions, Slashing, Speculators, Vicious cycle
