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US Rate Allure Sparks Record Hedge Fund Dollar Buying, Euro Capitulation

(Reuters) Hedge funds are loading up on bullish dollar bets at the fastest pace on record, taking the Fed’s recent hawkish signal on interest rates at face value and going long the greenback for the first time in a year. The flip side of speculators’ burst of love for the dollar is their complete capitulation on the euro: they are liquidating long positions in the single currency also at the fastest pace on record.

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