The Dollar is up almost 1.5% in less than 2 days. That's a huge move for a liquid G10 currency like the Dollar and is testament to how irrationally short market positioning on the Dollar has gotten. See my Substack column on extreme short $ positioning from this past weekend...
Robin Brooks
Robin Brooks27.7.2025
Euro longs in the CFTC's CoT report are near all-time highs (blue). This build-up in positioning embeds expectations that can't possibly be met. The Euro zone is locked into a stand-off between the high-debt South and low-debt North. It's frozen in place.
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