U.S. Dollar Bull Positioning Hits 16-Month High at $27.8 Billion Amid Middle East Hedging Demand

According to CFTC data released on Friday (June 12), speculative investors accumulated net-long positions of $27.8 billion in the U.S. dollar as of June 9, marking the highest level in 16 months. The surge reflects rising hedging demand as Middle East tensions escalate. Leveraged funds have maintained bullish dollar positioning for 13 consecutive weeks, a sharp reversal from pre-conflict sentiment when bets favoring a weaker dollar totaled approximately $22 billion.
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