A subtle shift in sentiment suggest the USD rally has stalled

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It seems everyone bullish the USD, waiting for its inevitable breakout above 110. But a subtle shift of bullish exposure to USD futures suggests the game is changing, and that a breakout may not be assured. Using market positioning from CME futures markets, dollar index and commodity FX charts, I take a closer look.

Matt Simpson, Market Analyst and City Index and Forex.com

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