‘Chances Trump Gets Anything Done Are Nil’: Dollar Sinks To 5-Week Low Against Yen

‘Chances Trump Gets Anything Done Are Nil’: Dollar Sinks To 5-Week Low Against Yen

So on Sunday, I gave you a three-word explanation for dollar doldrums: Too much treason. That's about as straightforward and accurate an assessment as you're going to get and I strongly encourage you to read the full post as it outlines the rationale behind positioning in the greenback which, you're reminded, is now the most bearish since 2013. Of course that positioning represents the ostensibly "smart" money and that would be the same "smart" money that thought "long USD" was a "no-brainer"
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