Trader: Hedge fund increased holdings of USD call options on Tuesday.

Traders said that hedge funds bought more US dollar call options on Tuesday, continuing last week's strategy of betting on the US dollar to strengthen against major currencies in the coming weeks. Traders said that call options on the US dollar against the euro and the Australian dollar were popular. The options mostly have a maturity of three months or less. The US dollar spot index rose for a second consecutive trading day on Tuesday, increasing by 0.4% and reaching its highest level since November. Some information comes from forex traders familiar with the trading situation, who requested anonymity due to no public speaking authorization.