Speculative currency traders bolstered wagers for an even stronger US dollar in the leadup to President-elect Donald Trump’s return to the White House.
Derivative traders held the equivalent of roughly $34.6 billion in total bets that stand to benefit from further gains in the dollar as of Jan. 14, a nearly $1 billion increase from the week prior, according to the latest Commodity Futures Trading Commission data released on Friday and aggregated by Bloomberg. That’s the most since 2019.