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Shorts Crushed In Biggest Dollar Squeeze Since The US Elections

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The Dollar Index broke above the key 90.00 level, up 5 days in a row -the biggest spike since Dec 2016 - to its highest level since mid-January. With net speculative positioning at extreme shorts, and liquidity stress (Libor-OIS), one wonders how far the short squeeze can go...

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Breaking above its 100DMA for the first time in 2018...

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And as we previously noted, the world and his pet rabbit is short the dollar...

usdpos.jpg

For context, that is the biggest USD short in at least 3 years...

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Which makes us wonder, just how big this squeeze spike can go?

usdpos1.jpg

 

And is it time for the dollar to catch up to Trump's approval rating?

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As we noted Friday...

Got DXY calls? pic.twitter.com/rOe2G7O4rt

— zerohedge (@zerohedge) April 20, 2018
H_efnQw6LXY

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