Don’t Buy The Dollar, Just Sell The Euro

The dollar has rallied too far, too fast since July on the back of good data and a small change in the FOMC language but as long dollar positions became excessive, this week’s FOMC minutes were a catalyst for a clear-out. “Maybe the dovish nature of the minutes is a reminder that we have not ye…

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Don’t Buy The Dollar, Just Sell The Euro – SocGen

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