I might be completely wrong although the USD is still definitely not deserving its rightful spot to be in power again until they decide what to do with their interest rate.

The fact that interets rates have not been changed and they are anticipating not to change them for sometime will make you ponder as to why would people back the USD if their interest rate is low. 

Russia is paying an interest rate of 5.5%

Egypt is paying an interest rate of 8.25%

Until these soverign countries are reducing their interest rate and the USD increasing their interest my bias to be short the USD might change. 

So my point that, the simple reason that the USD rallyied yesterday 1% could be sheer reaction in the market. 

Position on the USD Dollar - Short

Jun 16 2021

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