US dollar speculative long positions reached $16.5 billion, hitting a new high since February 2025

Odaily reported that The Kobeissi Letter posted on X platform, stating that the scale of speculative long positions in the US dollar has increased to $16.5 billion, the highest level since February 2025. These positions are held by hedge funds and asset management institutions that allocate based on price trends and macro views, rather than for hedging purposes. Over the past two weeks, bullish positions on the US dollar have tripled, and have remained net long for 11 consecutive weeks, marking the longest continuous period since 2024 to 2025. Since late January, the US Dollar Index has risen by 3%. Against the backdrop of the US economy showing greater resilience compared to other major economies amid the Iran conflict and disruptions in global commodity supply, investor demand for the US dollar remains strong.