The Robots Have Dropped Their Dollar Short – For Now
- CTA positions are dollar neutral after large shorts: Bridgeton
- Quant buying power to boost greenback likely “exhausted”
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For clues on whether the dollar’s uptrend still has juice, look to the robots.
Automated trend-followers, known as commodity trading advisers, have flipped to neutral from a big short position on the greenback in recent weeks, a shift that helped accelerate the currency’s surprise advance. Now they’ve blown through all their stop-losses, and it could spell bad news for bulls from here.