BREAKING: US jobs increase by 4.8 million in June, vs 2.9 million estimate; unemployment rate at 11.1%
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Hedge Funds ramped-up their bearish Dollar bets. The aggregate USD short position reached $28.9bn, an increase of whopping $4.455bn, effectively back to peak USD bearish levels seen in 2018 and 2012, Scotia says. Euro is primary vehicle being used to express negative Dollar view.