0923 ET - A weakening dollar means FX investors should prepare for a potential rebound, Corpay's Karl Schamotta writes. He says that "the risk of a topside move in the dollar is now underappreciated," and urges market participants "to be wary of stretched technical positioning in many currencies, including the euro, pound, Canadian dollar, and Mexican peso." Schamotta warns that widespread dollar-bearish sentiment "often serves as a good contrarian signal." A potential reversal "could be swift and forceful," he says. The greenback is giving back some of yesterday's gains triggered by Treasury Secretary Bessent's dollar-supporting remarks. The WSJ Dollar Index slips 0.1%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

January 29, 2026 09:23 ET (14:23 GMT)

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