I don't get it, why are europoors and bongheads not just hedging their USD exposure (I have been). I mean this even for index investors, I'm pretty sure the USD is going to keep sliding. Does anybody know of a bullish case for USD, I cant' think of a single reason it would go up outside of safe heaven short term spike days.

There is a fee drag, but as long as BoE or ECB rates are lower than FEDs the drag is very small for decent indexes. What am I getting wrong here, or am I right? (I'm a bongland) Thank u anons