To put simply, those betting on the highs in USD are outguessing the beginning of a 3rd impulsive wave to the downside as demand dampens. We have discussed many times in other ideas (see the archive) for the macro side in USD so we will not cover that here today.
Best of luck all those positioning for dollar end of cycle flows.
I believe USD index will only range between 0.88 Bottom and 0.94 in the next 5 year. Lets see what happens. BEST LUCK, Mention me every 6 month so we discuss what happened till 2024 ok, BUD?