# Markets tire of anti-greenback bet as central banks diverge - The Globe and Mail

> Currency speculators have largely unwound their 16-month bet against the US dollar, with net short positions disappearing from CFTC data. The dollar is up about 3% against the euro and the DXY since January.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46294-markets-tire-of-anti-greenback-bet-as-central-banks-diverge-the-globe-and-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A reversal of speculative dollar shorts can support further dollar strength if Fed and ECB policy keep diverging. A stronger dollar generally pressures US commodity export prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-12 | [Money markets ramp up global rate hike bets, add pressure on central banks \| Reuters](https://feedsoft.ai/events/44808-money-markets-ramp-up-global-rate-hike-bets-add-pressure-on-central-banks.md) | -0.5% | -0.7% |
| DXY | 2018-09-28 | [Risks of global dollar shortage are rising: McGeever - The Globe and Mail](https://feedsoft.ai/events/63246-risks-of-global-dollar-shortage-are-rising-mcgeever-the-globe-and-mail.md) | +0.6% | +1.3% |
| DXY | 2023-09-21 | [Stocks fall, yields rise as central banks rattle markets](https://feedsoft.ai/events/34308-stocks-fall-yields-rise-as-central-banks-rattle-markets.md) | +1.7% | +2.3% |
| DXY | 2020-01-19 | [The Charts: China Allows CNY to Rise Against the Dollar as the Greenback Advances Against Almost Everyone Else - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/7877-the-charts-china-allows-cny-to-rise-against-the-dollar-as-the-greenback.md) | +0.6% | +1.3% |
| DXY | 2019-08-01 | [Mid-Course Correction Sends Greenback Higher - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/57512-mid-course-correction-sends-greenback-higher-marc-to-market-marc-chandler-on.md) | +1.1% | +2.1% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/investment-ideas/article-markets-tire-of-anti-greenback-bet-as-central-banks-diverge/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.