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.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception