On Friday, the Bloomberg Dollar Spot Index fell 0.4%, leaving it down for the fourth week out of the last five.
Speculative traders have become more bearish on the dollar than at any time since last September as concerns about US assets continue to circulate despite a recovery in the equity markets.
Data out Friday shows that hedge funds, asset managers and other speculators increased their bets against the dollar in the week through Tuesday, April 29, according to the Commodity Futures Trading Commission. Those bets have been building for several weeks, and the traders tracked by the CFTC now hold, as a group, a roughly US$17 billion position tied to the dollar weakening.
