Traders Are Getting Extremely Bullish On The US Dollar [CHART]

From Morgan Stanley's latest FX Position tracker note, more confirmation that investors are getting crazy bullish about the dollar.

USD long positioning surged into extreme territory over the past week. The move was broad based, with our clients, non-commercial IMM (international monetary market) accounts, Japanese retail, and global macro hedge funds all large buyers.

The surging shaded blue bar shows how extreme long USD positioning has become.

Morgan Stanley

As for why the US dollar is so loved these days?

It's a combination of Fed exit talk, the weakening yen, and cheapening commodities.

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