Speculative bullish US Dollar bets are surging: Long speculative positioning in the US Dollar is up to +$16.5 billion, the highest since February 2025. This captures hedge funds and asset managers that take positions based on price trends and macro views rather than hedging needs. Bullish positioning has TRIPLED over the last 2 weeks. This also marks the 11th consecutive week of net long positioning, the longest streak since the 2024-2025 period. Meanwhile, the US Dollar index is up +3% since late January, as the US economy has remained more resilient than other major economies amid the Iran War and global commodity supply disruptions. Investor demand for the US Dollar is strong.(The Kobeissi Letter)