Dollar Suffers Worst Month In 4 Years – Ends Record Streak Of Gains

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).

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As we noted yesterday, this could be a major problem as a USD-reversal is likely to drive the great unwind of consensus positioning…

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as Long Dollar is one of the most-crowded trades in the world today…

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The Great Unwind begins… to accelerate

Charts: Bloomberg and Cornerstone Macro

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