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.