Goldman Sachs tactically retreats from crowded trade
As of Jan '21, the US Dollar 💵 had one of the most crowded trades in the world. Since then, higher US YIELDS have forced banks and hedge funds to unwind more than $25 billion in the short trade.
However, the DXY is expected to go lower in the following 2021 quarters, economic recovery and sped-up vaccination efforts still threatens further gains for the dollar hurting gains made be the equity & Commodities markets.
However, the DXY is expected to go lower in the following 2021 quarters, economic recovery and sped-up vaccination efforts still threatens further gains for the dollar hurting gains made be the equity & Commodities markets.
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