Dollar Tumbles After Goldman Closes Short USD Reco
by Tyler Durden Monday, Apr 05, 2021 - 12:05 PM It may not be quite a "Thomas Stolper reco", but the dollar reaction to Goldman's announcement on Friday to close its long-running dollar short is certainly one that brings back a few memories of the infamous Kermit photo. In a Friday note from Goldman's Zach Pandl titled aptly " Tactical Retreat", the bank's chief FX strategist said that " after a choppy few months we are closing our recommended USD short trade, expressed vs a basket of G10 commodity currencies (AUD, CAD, NOK, & NZD)." While we doubt Goldman's trade reco was the catalyst, the B...
Source: zerohedge.com