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USD Selling Is A Crowded Trade
Guess what the three most crowded trades out there now are?
- long tech
- Short USD
- long bitcoin
I can understand the first and the third but the second one baffles me.
If anything, I would be buying USD now as it's relatively cheap compared to other currencies.
Usdchf is at 0.88. Just a few years ago, it was 1.2.