Re:The Global Dollar Short Squeeze
by neilwilson on Friday April 10, 2020 @04:35AM
(#22831116)
Only if there is somebody selling the Euros for dollars - which by definition is somebody with a need for US dollars to settle some debt in the US.
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Ever heard of Eurodollars? That’s exactly what the original article is talking about. There are foreign banks that loan dollars—fractionally—outside of the US banking system. Dollars are needed to settle those debts, and they exist fully outside of the US.