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US Dollar Bulls Roar Back with $12.5 Billion Weekly Surge

Guavy AI Editorial Team
Instruments
EUR USD GBP
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The US dollar saw a significant surge in bullish bets last week, with net-long exposure increasing by $12.5 billion to $17.3 billion, the fastest weekly increase in seven years.

This marks a shift towards bearish positions for both the euro and British pound as the dollar rally gains momentum.

The COT report shows that futures traders have increased their bearish exposure to both currencies, with net-shorts rising by 50.5k contracts in the GBP/USD pair and 25k contracts in EUR/USD.

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