What is this plonker talking about?

Hedge funds increased their bets against the dollar to a massive $28.6bn

Massive?

The FX market is near $4 trillion a day. And 85% or so of that $4 trillion involves (at one or other end of the transaction) the USD.

$30 billion as a total outstanding short position?

We\’ve a $3,400,000,000,000 a day market and some group is $30,000,000,000 short as a total position?

0.9 % of the market is short?

Oh my Giddy Aunt, call in the regulators!

2 thoughts on “What is this plonker talking about?”

  1. I’m sorry to hear that this situation made your Aunt feel giddy.

    I hope she feels beeter soon

  2. I don’t see anything in the piece saying that sum is influencing the dollar market or needs regulation?

Leave a Reply

Your email address will not be published. Required fields are marked *