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Despite today's jump in the USD index, the sharp dollar selloff trend remains even as U.S. rates have climbed and the commodity rally pauses. It’s logical to query if there is an end in sight for the rout. The short answer, according to Bloomberg's Mark Cudmore, is no. The dollar may be due a bounce, but that would likely mark a consolidation phase rather than a trend reversal.

Today was the Bloomberg Dollar Index's best day since Nov 2015...

Just another central bank intervention in what is now a daily occurrence?

Standard 75 pip vertical ramp after NY hours...and before Japan opens:

Tick:

Notably heavy volume in futures:

Stop run? One wonders what the half life of this move will be?

Submitted by John Rubino via DollarCollapse.com,

The dollar is tanking lately - apart from today's biggest jump in 2 months. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency war terms, that means the US is winning the latest battle.

There is one group of investors who will be closely watching Tesla's results due out tomorrow: the shorts. The reason is that with the stock trading near record highs following a dramatic rebound from the February lows when it plunged to $150, only to rebound back to $250, short sellers have stubbornly refused to step away, and as the chart below shows, short interest remains just shy of record high.

Notable weakness in oil prices amid growth/demand concerns today, following Genscape's (+821k) Cushing's big build report yesterday, and expectations for continued builds in overall crude and Cushing levels set up trades ahead of API's report with oil below $44 heading in. An overall crude inventory rise of 1.3mm barrels (almost double the 750k expectation) was not enough to trump a smaller than expected Cushing build of just 382k barrels (1.3m exp) which seemed to please the machines which ripped WTI back above $44 instantly.