By Anya Andrianova | Updated on Jun 12, 2026 at 08:39 PM
Traders turned the most optimistic on the US dollar in more than a year as the war in the Middle East supports the currency’s status as a haven.
Hedge funds, asset managers and other speculators accumulated $27.8 billion worth of bets that the dollar will strengthen as of June 9, according to Commodity Futures Trading Commission data released on Friday and compiled by Bloomberg. It’s the most since February 2025.
The positioning signals a buildup in bullish sentiment for the world’s primary reserve currency, which has risen since the war broke out in late February, showing a strong sensitivity to a surge in oil prices.