The Great Unwind Begins: US Dollar Plunges To 2-Month Lows

The Great Unwind Begins: US Dollar Plunges To 2-Month Lows (ZeroHedge, April 29, 2015):

Just when you thought it was safe to pile all your money (at maximum leverage) into USD-denominated assets, the greenback plunges… The last 4 days have seen the 2nd biggest drop in 6 years. This has very significant consequences for a world that has become entirely consensus-based across at least 5 major themes… This poses a problem for talking-heads: if USD strength as indicative of US economic strength… what does a plunging USD imply?

The Strong Dollar regime has changed…

USD-Index

This suggests the huge consensus trades surrounding the inexorable USD strengthening are all in trouble also…

20150429_USD1

Charts: Bloomberg and Cornerstone Macro

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