Dollar Speculative Long Positions Reach $16.5 Billion, Highest Since February 2025

Speculative long positions on the U.S. dollar have surged to $16.5 billion, marking the highest level since February 2025, according to The Kobeissi Letter on the X platform. These positions, held by hedge funds and asset management firms, are based on price trends and macroeconomic views rather than hedging needs. Over the past two weeks, bullish dollar positions have tripled and maintained a net long status for 11 consecutive weeks, the longest streak since 2024-2025. Since late January, the dollar index has risen by 3%, as the U.S. economy shows resilience amid the Iran war and global commodity supply disruptions, keeping investor demand for the dollar strong.