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dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance, investment, and international

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Bloomberg. I'm really pleased to say that joining us around a table in New York is Jens

Nordic, Exante Data founder and CEO and he joins us now. Good morning

Jen. Thanks a lot. Thank you. So what's driving the

resurgent stronger dollar? Well I think we had the usual catalyst, high interest

rates, it's just that the market got very confused in January because there was no impact of the high

US interest rates there on the dollar right so people start to change the

framework entirely but the framework that generally works is one where U.S. interest rates do matter.

So I think right now it's actually interesting what you point out that we've had some stability in U.S. interest rates market

and nevertheless the dollars moving right so the interest rates was the

catalyst but now we have some additional follow-through and that really shows that

there was a huge short dollar position in the market and we see

then in the data we track. Real money investors got really short dollar into April and they're

unwinding those shorts and getting back to the old framework.

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