COT: IMM dollar bets reduced ahead of inflation data, Fed meeting
Dollar bets scaled back in week to September 13. Photo: iStock
By Ole Hansen
Hedge funds reduced bullish dollar bets against eight IMM currency futures by 16% in the week to September 13. This came ahead of the rally last Friday following the stronger-than-expected US inflation data and ahead of the Federal Open Market Committee meeting this week.
Ole Hansen is head of commodities strategy at Saxo Bank