After a challenging month, will the dollar recover?

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The month of April was not a good one for dollar bulls. The greenback has posted its first monthly decline of 2021, erasing over 2 per cent of its value against six major currencies.

According to the latest data from the Commodity Futures Trading Commission, the net short positions on the dollar reached $10.27 billion against its major peers. That is more than $2 billion net shorts added compared to a week earlier and the highest in six weeks.

The dollar’s decline followed three back-to-back monthly gains as data began to show the US economy recovering at an amazingly fast… Read More:

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