Bearish bets surge sharply as analysts expect the dollar to rebound

Wallstreetcn
2025.04.22 06:05

The US dollar fell to its lowest level since December 2023 this week, following Trump's threat to fire Powell, coupled with the increased risk of a US economic recession, which intensified the "sell America" trade. Ken Cheung, Chief Asian FX Strategist at Mizuho Bank, stated that a large number of bearish positions, technical factors, and the difference in real yields indicate that the dollar may rebound, although the extent of the increase may be limited by negative news regarding the dollar

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