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The Cleanest Shirt Is Actually Pretty Dirty
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Via Kevin Muir of “The Macro Tourist” fame
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Remember last November when it seemed like everyone was a US dollar bull? Either they thought Trump would usher in the next Reaganesque US economic free market nirvana, or they were convinced there was this massive US dollar emerging markets short position from the years of USD debt issuance.
Nothing better illustrates the one sided nature of US dollar sentiment than the
It was tough to find anyone who thought the US dollar might decline.
Tough but not impossible…
http://pattayatoday.net/property-business/finance-and-money-matter/ups-and-downs-recent-trends-in-the-thai-baht/
I’d be keener on USD today than 6 months ago but there’s still a real uncertainty in the outlook..