Today's month-end rebalancing flows were understandably USD negative, given the recent USD positioning in the market.
They have given us excellent levels to add to USD longs.
The USD uptrend should resume, given the strong fundamentals in play.
Donald Trump's jawboning simply cannot weaken the USD materially, since he cannot reduce the structural dollar shortage, the $10 trillion off-shore debt or the normal mean reversion of term premia on longer dated treasuries.
I maintain that these are excellent levels to buy USD against all major currencies except gold, given the current monetary policy divergence and structural divergence.