(Bloomberg) Swedish hedge fund Brummer Nektar is now shorting the dollar, anticipating a “strong momentum in the short run,” said Patrik Olsson, chief investment officer at the fund, which manages about 25 billion kronor ($3 billion) from London, Stockholm and Singapore. Mnuchin last week triggered the dollar’s steepest slide since March by saying “a weaker dollar is good” for U.S. trade. Other funds are betting against the dollar on the view that President Donald Trump’s “America First” policy will put pressure on the U.S. currency.
A $3 Billion Swedish Hedge Fund Is Shorting the Dollar
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