Just noting some of the opinions in a Bloomberg piece on the US dollar, with a lot of calls for the dollar to go down …

  • faith in the U.S. economy
  • and … so many people expect the dollar to go down

are enough to persuade others to bet on greenback appreciation.

"If you look at outlooks published by the sell-side, I think that 80-85% percent of what I read is looking for a weaker dollar

in my experience, when all the forecasts are looking the same way, the currency generally doesn't behave the way these forecasts predict it will."

Here is the link for more, add this into the mix.