FOREX-Dolar AS naik karena sentimen berubah menjadi hati-hati atas kekhawatiran default hedge fund


    * Focus on U.S. equities after hedge fund default
    * Euro on track for biggest monthly drop since July 2019
    * Yen one of worst performing currencies in Q1
    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

 (Recasts, adds new comment, updates prices, changes byline,
dateline; previous LONDON)
    By Gertrude Chavez-Dreyfuss
    NEW YORK, March 29 (Reuters) - The dollar gained on Monday
in choppy trading, with the euro languishing below $1.18 and
commodity currencies falling, as the currency drew some
safe-haven bids on concerns about the potential fallout of a
hedge fund's default on margin calls.
    The dollar index, a measure of the greenback's value against
six other major currencies, hit as high as 92.919, its
strongest level since November last year. It was last marginally
up at 92.825.
    U.S. stocks traded lower after global banks said they faced
potential losses from a hedge fund's default, identified as
Archegos Capital, which analysts said was tied to big U.S. media
and Chinese tech companies.
    "Focus today is on how U.S. equities perform, especially
given the hedge fund default that came out last week," said
Simon Harvey, senior FX market analyst at Monex Europe in
London.
    Harvey, however, said the Archegos impact remained limited
for now, given that the effect was concentrated on a few
companies. But some analysts said the fallout could spread
further and weigh on other markets.
    The euro, meanwhile, struggled on Monday as the prospect of
tougher coronavirus curbs in France and Germany dimmed the
short-term outlook for the European economy.
    The single European currency  slipped 0.1% to
$1.1778, not far from last week's four-and-a-half-month trough
of $1.1762. On a monthly basis, it was down 2.3%, its biggest
drop since July 2019.
    Compounding the euro's woes have been the widening
differentials between German and U.S. yields. The spread for
10-year debt widened to 200 basis points from 150 basis points
at the start of the year, boosting the dollar.
    "The U.S. economy is much stronger and miles ahead in the
immunization game compared to Europe's and Japan's, and this
ultimately translates into the Fed normalizing policy years
before the ECB or the BoJ," said Marios Hadjikyriacos, a
strategist at brokerage XM.
    
    YEN SHORTS GROW
    Weekly positioning data showed the broad trend of growing
dollar bullishness remained in play. Hedge funds cut their
overall short dollar bets to their lowest levels since June 2020
while ramping up their bearish bets on the yen.
    Short yen positions have grown in recent weeks with hedge
funds building their net short bets to 33% of open interest,
according to ING data.
    Steadying stock markets offered some support for the yen,
but falling bond yields and expectations of a global economic
rebound have rekindled short bets. The yen is among the worst-
performing currencies so far this quarter, down 6% against the
dollar.  
    The dollar was last up 0.1% against the Japanese currency at
109.74 yen.  
    Virus-driven caution also helped the dollar higher against
the Australian and New Zealand dollars and sterling, and it rose
against oil-linked currencies as the re-floating of the ship
blocking the Suez Canal pushed crude prices down by about 1.5%.
    The Aussie was last down 0.1% at US$0.7636 on
Monday and the New Zealand dollar was slightly down at
US$0.7002. Sterling slipped to $1.3790.
    
    ========================================================
    Currency bid prices at 10:34AM (1434 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 92.8180        92.7830     +0.05%         3.153%        +92.9190    +92.7160
 Euro/Dollar                  $1.1779        $1.1794     -0.14%         -3.60%        +$1.1795    +$1.1763
 Dollar/Yen                   109.7200       109.6800    +0.04%         +6.19%        +109.7950   +109.3800
 Euro/Yen                     129.24         129.33      -0.07%         +1.82%        +129.4200   +128.8500
 Dollar/Swiss                 0.9385         0.9393      -0.06%         +6.10%        +0.9404     +0.9373
 Sterling/Dollar              $1.3792        $1.3799     -0.09%         +0.91%        +$1.3846    +$1.3757
 Dollar/Canadian              1.2596         1.2571      +0.21%         -1.08%        +1.2627     +1.2578
 Aussie/Dollar                $0.7634        $0.7642     -0.08%         -0.73%        +$0.7655    +$0.7616
 Euro/Swiss                   1.1055         1.1073      -0.16%         +2.29%        +1.1078     +1.1038
 Euro/Sterling                0.8538         0.8552      -0.16%         -4.45%        +0.8562     +0.8507
 NZ                           $0.7002        $0.7000     +0.04%         -2.49%        +$0.7015    +$0.6973
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.5415         8.5945      -0.58%         -0.49%        +8.6165     +8.5435
 Euro/Norway                  10.0600        10.1050     -0.45%         -3.89%        +10.1534    +10.0560
 Dollar/Sweden                8.6953         8.6398      +0.53%         +6.09%        +8.7014     +8.6399
 Euro/Sweden                  10.2423        10.1880     +0.53%         +1.65%        +10.2473    +10.1890
 
    
 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by
Saikat Chatterjee in London; Editing by Larry King)
  

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