Traders’ bullish sentiment toward the U.S. dollar has climbed to its highest level in more than a year, as the Middle East war reinforced the dollar’s role as a safe-haven currency. According to ChainCatcher, citing Jinshi, U.S. Commodity Futures Trading Commission data show that as of June 9, hedge funds, asset managers, and other speculators held a combined $27.8 billion in bullish U.S. dollar positions, the highest level since February 2025.

The positioning shift indicates that bullish expectations for the world’s main reserve currency have continued to build.