FX markets to remain net short U.S. dollar after election: Reuters poll

Bets against the U.S. dollar were expected to linger or even increase in the immediate aftermath of the Nov. 3 presidential election, despite jitters in the run-up along with surging coronavirus cases, a Reuters poll showed. After trading within tight ranges for much of October, the greenback rose to a four-week high on Friday on fears the election results will be contested in the courts, along with economic damage from renewed lockdowns in Europe. Traders reduced net short dollar bets in the latest week, according to data from the Commodity Futures Trading Commission.

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