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Hedge Funds Pare Bullish Dollar Bets Amid Mixed Economic Signals | Tony Seruga
Sep
04

Hedge Funds Pare Bullish Dollar Bets Amid Mixed Economic Signals

By
  • Odds of September move gyrate as traders assess economy
  • U.S. currency posts second weekly gain against euro, yen

Conviction in the dollar continues to wane as currency traders sort through mixed signals from economic data and policy makers.

The greenback climbed for a second week even after the U.S. Labor Department reported August jobs growth and wage gains were lower than projected. Hedge funds and money managers trimmed net bullish positions for a fourth week as investors weighed the possibility of a Federal Reserve next interest-rate increase as early as this month…

Hedge Funds Pare Bullish Dollar Bets Amid Mixed Economic Signals

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