– Dollar Suffers Worst Month In 4 Years – Ends Record Streak Of Gains (ZeroHedge, April 30, 2015):
After an unprecedented 9 months in a row of gains, for a greater-than-27% gain, The US Dollar slumped in April. Down 3.5%, this is the biggest monthly drop for the greenback since April 2011 (near the end of QE2).
As we noted yesterday, this could be a major problem as a USD-reversal is likely to drive the great unwind of consensus positioning…
as Long Dollar is one of the most-crowded trades in the world today…
The Great Unwind begins… to accelerate
Charts: Bloomberg and Cornerstone Macro