Live Updates > Live Update Details
2025-07-28 17:38:32
[Dollar shorts retreat, bulls counterattack strongly, has the foreign exchange market changed direction? ] ⑴ The latest data shows that speculators are significantly reducing their short positions in the US dollar. ⑵ The net short position of the US dollar has been reduced from US$17.9 billion to US$14.75 billion. ⑶ Traders not only cleared their short bets on the British pound, but also turned to long the US dollar against the New Zealand dollar. ⑷ Currently, speculators hold four long positions in the US dollar, while there are five short positions. ⑸ This shows that the market's bearish sentiment on the US dollar is significantly weakening and bullish forces are accumulating. ⑹ Despite this, short bets on the US dollar against the euro and the yen are still the largest, at US$18 billion and US$9 billion, respectively. ⑺ This change in the market may indicate that the US dollar will gain more support in the short term. ⑻ Traders need to pay close attention to whether this trend will continue and remain vigilant to market fluctuations.
