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Hedge Funds Ramp Up Dollar Shorts Ahead of Bessent’s Fiscal Plan

Bloomberg Markets Monday 24 August 2026, 01:40 UTC By David Finnerty 1 min read
Key Points

Hedge Funds Ramp Up Dollar Shorts Ahead of Bessent’s Fiscal Plan Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent’s new fiscal plan to address the highest borrowing costs in years. That pressure was evident on Friday, when the dollar extended a drop triggered by Bessent’s Aug. 19 decision to increase the size of buybacks for longer-dated securities “by at least double.” The announcement sparked the dollar’s worst single-day decline...

Hedge Funds Ramp Up Dollar Shorts Ahead of Bessent’s Fiscal Plan Hedge funds are ramping up bearish dollar bets as they await more details on Treasury Secretary Scott Bessent’s new fiscal plan to address the highest borrowing costs in years. That pressure was evident on Friday, when the dollar extended a drop triggered by Bessent’s Aug. 19 decision to increase the size of buybacks for longer-dated securities “by at least double.” The announcement sparked the dollar’s worst single-day decline in nearly three weeks and triggered a wave of selling across the cash market. The dollar was little changed in Asia on Monday.
Bessent (PERSON) Treasury (ORG) Scott Bessent (PERSON) Asia (LOCATION)
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