Dollar Bearish Bets Hit 14-Year High: What It Means for Crypto Markets

The market is increasingly turning against the US dollar, with short positions at their highest level since January 2012, according to Bank of America’s foreign exchange and rates sentiment survey. This shift in sentiment comes as the US Dollar Index, which tracks the value of the greenback against a weighted basket of six major currencies, has declined 1. 3% year to date. Record Bearish Positioning Reflects Deep Skepticism About the Dollar  The latest Bank of America survey finds dollar positioning in February reached its most negative level in more than 14 years source: https://beincrypto.com/us-dollar-bearish-positioning-dxy-crypto-impact/