Traders Sold Dollars Just Before Warsh Choice Sparked Rebound
Asset managers boosted their bearish dollar positioning just days before news of Kevin Warsh’s nomination as Federal Reserve chair triggered the greenback’s biggest gain since May.
By Ruth Carson, Masaki Kondo · Bloomberg Markets
Asset managers boosted their bearish dollar positioning just days before news of Kevin Warsh’s nomination as Federal Reserve chair triggered the greenback’s biggest gain since May.