Goldman Sachs tactically retreats from crowded trade
As of Jan '21, the US Dollar đź’µ 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.
