CFTC data show net bullish bets on the dollar rose to nearly $40bn as of June 30, the highest since 2015, extending a monthly rally led by interest-rate expectations. Markets are pricing a higher-for-longer Fed and a risk of further hikes, which helped the dollar gain about 2% in June. Analysts say Fed tightening expectations and US economic resilience support the move, but some institutions warn weaker recent employment data could cap further upside.

2026-07-07

CFTC data show net bullish bets on the dollar rose to nearly $40bn as of June 30, the highest since 2015, extending a monthly rally led by interest-rate expectations. Markets are pricing a higher-for-longer Fed and a risk of further hikes, which helped the dollar gain about 2% in June. Analysts say Fed tightening expectations and US economic resilience support the move, but some institutions warn weaker recent employment data could cap further upside.