🔍 Bullish bets on the USD are surging.


Demand for dollar call options is spiking, with the 1-month risk reversal on the Bloomberg Dollar Spot Index hitting +92 bps — the highest since Nov 2022.
Just months ago in January, it was −90 bps — a sharp sentiment flip.
Traders are now paying the biggest premium for USD upside in 3+ years, as the dollar trades near a 3-month high.
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