Loading ...“They’ve” got a real problem with the Dollar, it is killing your export business and it is a massively crowded trade….the whole world is long dollars.
To keep the mirage up the Dollar has to stay strong, but now all of a sudden the SM is worried by it…..”they” may well have screwed themselves, because of their greed….had they let the dollar rally 0.2, 0.3 % regularly they could have kept the game going much longer, but no they let it go at over 1 % a day.
Now it is a very real problem, the mkts could go ape trying to unwind it.