38 days ago • Posted by Martin Boujol
Dollar down again, back to square one
The Bloomberg Dollar Spot Index dropped below its 2021 uptrend as the US showed worst than expected employment data. This is the biggest one day slide in 5 months, and the greenback is now not far from the lowest since February 2018. Betting against the dollar is now even back in vogue, with aggregate net short positions climbing back to $10 billion last week vs. $4 billion mid-April.
Source: Yahoo Finance, Bloomberg