Tag Archives: A surprise dollar short emerges after week of deleveraging

Saxo Bank -A surprise dollar short emerges after week of deleveraging

A surprise dollar short emerges after week of deleveraging

By Ole Hansen, Head of Commodity Strategy, Saxo Bank

Summary:  The result of aggressive position reductions, both long and short, yielded a very surprise outcome during the week to March 17. Despite seeing the dollar surge against most of its peers speculators still ended up holding a net short dollar position for the first time since 2018.

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