The previous post didn't make any sense whatsoever unless "Go Short The Dollar" was replaced with "Go Long The Dollar" (it is now in its corrected form). Apologies. This goes to show that it isn't easy to be one's own editor. What's needed sometimes is not reading and checking the post over and over, just another pair of eyeballs. But hey, what can you do, that the bane of every lonesome, little read blogger. And now I'll stop whining.
To reiterate and maybe clarify my previous post, the rationale was simply that some traders thought Gisele's demanding to be paid in anything but dollars (in effect going short the dollar) would be a perfect contrarian indicator. They went long the dollar and got burned pretty badly thus indicating that Gisele, far from being a contrarian indicator, was just being a pretty smart operator. Now, when all the fashion models (including the Americans) are done changing the terms of their contracts from dollars to Euros, then it'll probably be time to buy the dollar.
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