Hedge Funds Cut Bets For Third Week That Dollar Will Strengthen

(Bloomberg)

Hedge funds reduced bets for a third week that the dollar will advance in the last positioning data before the Federal Reserve ended months of uncertainty by raising interest rates for the first time in almost a decade. A gauge of the greenback is heading for its first monthly decline since August as markets anticipate the U.S. central bank will refrain from increasing its benchmark until either its April or June meeting.

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