Traders’ Bullish Bets on the U.S. Dollar Hit Highest Level Since February 2025, CFTC Data Show

Traders’ bullish sentiment toward the U.S. dollar has climbed to its highest level in more than a year, as the Middle East war reinforced the dollar’s role as a safe-haven currency. According to ChainCatcher, citing Jinshi, U.S. Commodity Futures Trading Commission data show that as of June 9, hedge funds, asset managers, and other speculators held a combined $27.8 billion in bullish U.S. dollar positions, the highest level since February 2025. The positioning shift indicates that bullish expectations for the world’s main reserve currency have continued to build.