So the 2015 consensus bet seems to have been long dollar, short euro, long core European government bonds, long euro-area equities and long Chinese equities.
Also, freelance journalism is, let's face it, a very lucrative field — a soft, sweet, long dollar — and it's time to give something back.
But betting against the dollar may no longer be such a safe play — not necessarily because of any sudden macroeconomic shifts but because of a sense that the long dollar sell-off may have finally gone too far.
A change of emphasis here, the wrong sentence there - and managers rush to switch positions.Yesterday's fall in the dollar may simply reflect a mass exit from the "long dollar, short yen" trade that was very popular earlier in the year when the yen was in freefall in anticipation of QE from the Bank of Japan.
The U.S. currency, which had hit a four-year extreme of ¥103.74 last month, was being battered as investors unwound long dollar positions before the U.S. jobs report Friday, which was being closely watched to gauge the health of the U.S. economy.
Koichi Yoshikawa, executive director of financial markets at Standard Chartered Bank, said: "If you had a long dollar position on the view that the dollar would gain because Clinton would win, you would surely close that position because her victory is less certain".
The week long dollar decline was arrested.
After profit-taking on long dollar positions ends, and trading volumes pick up as investors return from their holidays, the dollar may temporarily recover its relative safe-haven status in H1 2009.
Since then many of the speculative long-dollar positions have been liquidated, and the dollar has sold off several percentage points.
