US Dollar Gains Expected to Fade
FX strategists expect the US dollar to surrender recent gains over the coming year despite a strong rally driven by Federal Reserve rate hike expectations. Most forecasters maintain a long-held bearish view on the currency beyond the near term.
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The United States dollar will surrender more than 3% of recent gains over the coming year, according to a Reuters poll published on Thursday morning. Strategists maintained long-held bearish forecasts despite a searing greenback rally since early September driven by aggressive Federal Reserve rate expectations. The persistent divergence between consensus forecasts and market reality highlights mounting risks for global investors navigating volatile currency markets.
