Dollar Longs Hit $27.8B, 16-Month High on Mideast Risk

According to CFTC data released Friday (June 12), hedge funds and asset managers accumulated net long positions in the US dollar totaling $27.8 billion as of June 9—the highest level since February 2025—as Middle East tensions drive safe-haven demand. Speculators have maintained dollar long positions for 13 consecutive weeks, a sharp reversal from pre-conflict sentiment when markets held short positions worth approximately $22 billion. Leverage funds also expanded their yen short bets to the highest level since 2017, with USD/JPY hovering near 160.
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