Is the US Dollar set for a rebound? The Bloomberg US Economic Surprise Index turned positive this week for the first time since February. The index measures whether economic data comes in above or below consensus estimates. This comes as Q2 2025 GDP growth, initial jobless claims, and personal spending data all surprised to the upside. Historically, when the Economic Surprise Index rises and stays positive, the US Dollar tends to strengthen. Meanwhile, speculative USD short positions by asset managers and leveraged funds have hit their highest level since early 2021. Is a US Dollar short squeeze imminent?(The Kobeissi Letter)