(Reuters) Hamstrung by a renewed slump in volatility and lack of clear market direction, FX and bond speculators are making historically big bets on a lower dollar and higher yields. It’s an increasingly desperate gamble, particularly on the dollar. Major exchange rates have been constrained within ever-narrowing ranges in recent weeks, and hedge funds’ record bet on the euro simply isn’t paying off.
Hedge funds make historic and increasingly desperate FX, bond bets
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