Traders Boost Bullish Bets on Dollar Before Pivotal US Election

Hedge funds and other speculative traders are positioned for a further rally in the dollar as demand for haven assets rises in advance of the US presidential election.

Hedge funds, asset managers and other speculators held some $17.8 billion in bullish dollar positionsBloomberg Terminal as of Oct. 29, according to Commodity Futures Trading Commission data compiled by Bloomberg. They added more than $8 billion worth of bullish bets in the week, after abandoning a negative outlook in mid-October.