COT: Bullish dollar bets hit six-month low
Bullish bets on dollar at lowest since September. Photo: Shutterstock
By Ole Hansen
Leveraged funds reduced bullish dollar bets to the lowest since September during the week ending February 14.
Six consecutive weeks of dollar selling has reduced the gross-long by 60% with broad based selling seen, not least against the commodity currencies with bullish IMM CAD bets reaching a four-year high.
Ole Hansen is Saxo Bank's head of commodities strategy