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Analysis-Strong U.S. economy sends dollar bears into hibernation

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  • 1 min read

A stronger-than-expected U.S. economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize. Net bets on the dollar in futures markets swung positive last month for the first time since late November, Commodity Futures Trading Commission data showed. Driving the U.S. currency’s stubborn strength is a robust U.S. economy that has made the Fed hesitant to ease monetary policy too quickly and risk an inflationary rebound.

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