As shown by our proprietary Dollar VIX indicator, currency trading recently has not been for the weak of heart, if ever.
The funds are still net long, but are also holding the smallest short position since we started tracking this number in January 2004.
"We cannot expect that all nations will adopt like systems — for conformity is the jailer of freedom, and the enemy of growth. But however close we sometimes seem to that dark and final abyss, let no man of peace and freedom despair. For he does not stand alone. If we all can persevere, if we look beyond our own shores and ambitions, then surely the age will dawn in which the strong are just and the weak secure and the peace preserved."
John F Kennedy, Address to U.N., September 25, 1961