Traders' bullish sentiment toward the US dollar has risen to the highest level in over a year.

Traders' bullish sentiment toward the US dollar has risen to the highest level in over a year.

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As the Middle East war has strengthened the US dollar’s status as a safe-haven asset, traders’ optimism toward the dollar has reached the highest level in over a year.

According to data published by the US Commodity Futures Trading Commission (CFTC) on Friday and compiled by Bloomberg, as of June 9th, hedge funds, asset management companies, and other speculators have collectively established $27.8 billion in bullish positions on the US dollar, betting that the dollar will strengthen further. This is the highest level since February 2025.

This position indicates a rising bullish sentiment in the market toward the world’s leading reserve currency—the US dollar.

Since the outbreak of the war in late February this year, the dollar has continued to rise and has shown a high sensitivity to surging oil prices; rising oil prices have further supported the dollar’s strength.

This week, the US Dollar Index fell more than 0.3%

On Friday (June 12th) at the close of trading in New York, the ICE US Dollar Index fell 0.12% to 99.739 points, with a cumulative weekly drop of 0.33%. At 01:00 Beijing time on June 12th, it reached 100.314 points, before quickly plunging to 99.586 points.

The Bloomberg Dollar Index rose 0.02% to 1206.98 points, with a cumulative weekly drop of 0.40%. Overall trading range was 1213.41-1205.55 points.

The dollar rose 0.18% against the yen, to 160.23 yen, but fell 0.04% for the week. The overall trading range was 160.59-159.58 yen. The euro rose 0.44% against the dollar, to 1.1572.

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