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Dollar's march higher to run out of road within next six months: poll

Reuters UK
Dollar's march higher to run out of road within next six months: poll

BENGALURU (Reuters) - The U.S. dollar’s march higher against major currencies will run out of road within the next six months, according to a Reuters poll of foreign exchange strategists, who have held on to that view since May. While the greenback fell about 3 percent in the first few months of the year, since mid-April the dollar index .DXY has risen more than 6 percent, supported by investors seeking safety in U.S. assets on concerns over the impact of trade tariffs. Those concerns are well-founded; the U.S. trade representative’s office said on Tuesday it would begin collecting 25 percent tariffs on another $16 billion of goods imported from China later this month, and China has vowed to