Column-Long dollar bets explode, as funds join the dots: McGeever

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Column-Long dollar bets explode, as funds join the dots: McGeever
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ORLANDO, Florida - Looked at through a currency market lens, the verdict from hedge funds on the recent wave of major central bank policy meetings could not be clearer - don't bet against the mighty dollar.

From a relative rates perspective, the dollar has emerged the victor. Fed policymakers lifted the median 'dot plot' and long-run neutral rate projections, the BOJ's historic rate hike was deemed to be 'dovish', the ECB could ease policy before the Fed, and the SNB was the first major central bank to cut rates.

A long position is essentially a bet that an asset will rise in value, and a short position is a wager its price will fall.

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