Jason Goepfert

1-12-2021 at 5:32 pm

Daily Report : Short covering in the dollar as the trend turns

The U.S. dollar has jumped over the past few sessions, suggesting some short covering by speculators, who have been carrying massive exposure against the dollar. It has also closed above its 20-day average for the first time in months. But neither condition has reliably led to a higher dollar.

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