Wosh's nomination triggers USD fluctuations, increasing bearish pressure

MarsBitNews · 2026-02-02T01:47:30+00:00

Wosh was nominated as Federal Reserve Chair, leading the dollar to record the largest single-day gain since last year. Fund managers increased their bearish bets on the dollar, with net long positions significantly reduced. Despite the dollar's rebound, policy uncertainties remain, and the reasons to short the dollar still exist.

MarsBitNews

2026-02-02 01:47:30

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Mars Finance reports that, according to Jintiao, Wosh has been nominated as Federal Reserve Chair, triggering the largest single-day gain in the dollar since May last year. According to data from the Commodity Futures Trading Commission (CFTC), during the week ending January 27, fund managers increased their bearish bets on the dollar by $8.3 billion, the largest increase since April 2025. At the same time, hedge funds reduced their net long positions in the dollar by $5.1 billion, the largest decrease since July 2024. Pepperstone Group senior research strategist Michael Brown stated that despite the dollar’s rebound, policy uncertainty will persist, and there are still reasons to short the dollar. During Monday’s Asian trading session, the dollar experienced volatile swings, initially rising before turning to decline.

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