Speakers bet on the fall in the dollar in the largest rate in 7 months

The speculators are more likely to bet on the dollar falling compared to since last September, in light of the ongoing concerns about US assets, despite the recovery of stock markets. Data released yesterday showed that hedge funds, asset directors and other speculators increased their bets on the decline in the US dollar during the week ended April 29, according to the committee for commodities. These bets increased a few weeks ago, and it seemed as if the traders monitored by the committee held as a group, with financial centers estimated at approximately $ 17 billion, related to the expectations of the dollar’s weakness. The Bloomberg index for the immediate dollar fell 0.4%yesterday, making it a blanket path for the past five weeks. Donald Trump’s policy has caused commercial policies followed by US President Donald Trump in the financial markets, and weakening the status of the dollar as a safe haven, which the traders asked to bet on the decline and to move away from their money from US assets, after years of great flow against it. Although many markets have recovered in recent days thanks to indications of the conclusion of commercial agreements and an improvement in economic performance, it appears that the ‘sale of US assets’ still exists, as the dollar index has now fallen by more than 6% since the beginning of the current year. The scope of risk consequences for one week and one month appears on the Bloomberg index for the dollar immediate expectations of more losses in the value of the US currency, before the “Federal Reserve” decision on interest rates on May 7 and thereafter. Traders are still paying higher amounts to buy sales options contracts that bet on the dollar weakness, compared to the buying options contracts that expect to rise during the next week and month. US work data showed a stronger achievement yesterday than expected, indicating that the uncertainty associated with customs duties has not yet affected the country’s labor market, which has encouraged the traders to reduce their bets on a threatening reduction in interest rates. However, other currencies pumped traders yesterday in currencies outside the United States, after China showed an openness to talks on customs duties with the United States of America. The Australian and New Zealand dollars were one of the best currencies in the Great Grand Currency Group as they recorded about 1%profits. “It seems that the market is showing some optimism towards news from China. It is clear that the US dollar purchase centers are currently being sold against Asian currencies,” said the administrative director of the macro economic strategies and emerging markets in Wales in New York.