Bank of America Merrill Lynch: Speculators buy dollars

Interest in the dollar continues for several weeks in a row, as the main driver of this process remains demand from hedge funds. The positioning of market participants compared to last year remained neutral, but the difference between the behavior of hedge funds and "real money" investors is obvious, analysts say.
Their models predict further growth of the US currency, but the main issue remains the participation in this process of "real money", which generate the bulk of capital flows.
The results of a research of analysts of the bank suggest that "real money" adhere to the moderately optimistic outlook for the dollar, however, do not rush to increase their long positions.