Dollar bears have been beaten into submission, as the dollar index rose to its highest level in nearly 2 years in late April. Speculators had raised long dollar positions to $37.2 billion, the highest level since December 2015, according to Commodity Futures Trading Commission data released on Friday.

By the numbers: Having risen by 4% in 2018, the dollar is up about 2% so far this year and a Reuters poll of economists expects that strength to continue for the next 3 to 6 months. Though, they expect it will fall within a year.

  • Analysts have been predicting the dollar would weaken for the past 2 years, but have consistently been proven wrong, as central banks outside the U.S. have mimicked the Fed's dovish tone.

Go deeper: King dollar keeps rising

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Pence chief of staff Marc Short tests positive for coronavirus — COVID-19 looms over White House Halloween celebrations
  2. Health: Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19
  3. World: Polish President Andrzej Duda tests positive for COVID-19.

Pence chief of staff Marc Short tests positive for coronavirus

Marc Short with Katie Miller, Vice President Pence's communications director, in March. Photo: Doug Mills/The New York Times via Reuters

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force.

5 hours ago - World

Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.