Dollar Rebound Meets Diverging Forex Bets

Futures traders remained net-long in US dollar futures ahead of Jackson Hole, despite aggregate exposure falling by $8 billion to $26.3 billion.

The dollar rebounded after a hawkish speech from Warsh, putting pressure on several major FX pairs.

However, positioning beneath the surface remains mixed, with divergent views between large speculators and asset managers in yen futures trading.

This week's ISM and NFP reports will determine whether the dollar rebound extends or begins to fade.