💵🔻Hedge Funds Sold Dollars On Court Tariff Ruling: Cable FX Macro

• Market sources pointed out that the broad USD position remains net long as of Monday's session; the proprietary indicator shows hedge-funds and real money leading the dollar long. However, hedge funds sold dollars on Friday's session as the U.S. Supreme Court delivered its ruling on President Trump's tariffs.

• Additionally, sources saw the Australian dollar as the most bought currency at the time of the headline release on Friday. The trading volumes were in line with prior trading activity, which leads analysts to think that the decision could have been in the price.

• Emerging market currencies saw inflows on Friday too.