An overnight piece on Bloomberg, posting for some background. Comments from 4 big funds on the US dollar.
Amundi betting the USD is due for a correction
- Federal Reserve shifts more dovish
- "The market became very one-sided, pro-dollar in terms of sentiment and positioning. The dollar bull cycle seems, in terms of duration and magnitude, very mature and with positioning very long-dollar, a further correction seems likely."
Aberdeen Standard
- says tailwinds that boosted the dollar (eg. higher bond yields, strong US growth)are dissipating
UBS Global Wealth Management
- USD lower if G20 summit does not back off from trade tensions
Here is the link if you want some reading
