49 Days
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الاقتصادية
Hedge Funds Increase Dollar Shorts
Hedge funds are shifting their bets toward a decline in the dollar, amid expectations that the new US Treasury Department plan will impact the value of the US currency. This came after Treasury Secretary Scott Baisen announced a plan to increase long-term debt repurchases, leading to a significant drop in the dollar's price and a rise in demand for hedging instruments against its decline, with the demand for put options to sell the dollar against the euro exceeding 47% in August. At the same time, gold prices surged to their highest level in more than three months, as pessimism about the future of the dollar grew in response to these measures.
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