Is The Real Dollar Pain-Trade Lower?

Jon Politics

Although I am sure they were some traders advocating shorting the US dollar into the Trump bump, they sure seemed few and far between (apart from this badass cat who nailed the trade and is now covering into the USD weakness).
In fact, when I think about the opinions from the ‘cool kids’ over the past six months, I can only recall all-out-bulls, or unsure fence sitters. Name me a big-name US dollar bear pounding the table – none spring to mind.
And in the heyday period following Trump’s election, the US dollar bullishness was downright exuberant.

This post was published at Zero Hedge on Jul 20, 2017.