Trader optimism about the US dollar hits highest level since 2015

Trader bets on the strength of the dollar rose to approximately $40 billion by the end of June, the highest level in over a decade, after the dollar ended June up 2%, marking one of its best monthly performances since the start of the year. This reflects market optimism about the Federal Reserve's continued interest rate hikes and increased central bank gold purchases, despite a decline in interest rate hike expectations following weak US employment data.

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