DXY: Bears face uphill struggle – Societe Generale
Di FXStreet Insights Team
Data di Pubblicazione: 18 Feb 2026 | Data di Modifica: 18 Feb 2026
ARTICOLI POPOLARI
Societe Generale’s Kit Juckes argues that Dollar shorts are crowded and struggling to gain traction despite a US Administration preference for a weaker Dollar and lower interest rates. He notes DXY recently broke below key moving averages, but says only a modest rebound would reverse that.
Societe Generale’s Kit Juckes argues that Dollar shorts are crowded and struggling to gain traction despite a US Administration preference for a weaker Dollar and lower interest rates. He notes DXY recently broke below key moving averages, but says only a modest rebound would reverse that. Overall, he remains sceptical about aggressively selling the Dollar here.
Crowded shorts struggle despite policy wishes
"Last weekend’s CFTC positioning report showed the biggest net speculative long EUR futures position since 2020. The cumulative USD short isn’t quite as extreme, but is at a very similar level to what we saw in 2023, and after Liberation day."
"The US Administration wants a weaker dollar, and wants lower interest rates, which would make hedging of FX exposure on (huge) foreign owned US equity and bond portfolios cheaper."
"But dollar bears aren’t making any headway."
"DXY broke below 50, 100 and 200-day averages in mid-January but a gain of just over 1% would take it back above those levels."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Leggi di più
