Traders have increased their bets on a strengthening US dollar, amidst signs of a hiring slowdown. According to recent data, investors have boosted bullish positions on the dollar index by 5% in October, suggesting growing optimism about the currency's prospects. Meanwhile, job market indicators suggest a moderation in hiring momentum, with employment growth slowing down in some sectors.

Source: https://www.bloomberg.com/news/audio/2024-11-01/traders-boost-bullish-bets-on-dollar-hiring-slowdown