SG on the USD - "the long-term dollar downtrend is far from over"

A Société Générale note, mainly on the euro and bond markets, but a snippet on the US dollar:

• With Hurricane Irma battering the Caribbean and bearing down on Florida, the Korean crisis still a cause for concern, and expectations that personnel changes at the Fed will make the monetary policy agenda even more cautious, Treasury yields fell on Thursday, dragging the dollar down as 'dip-buyers' threw in the towel.
• Our updated forecasts reflect a belief we will now get a pause, but the long-term dollar downtrend is far from over.

(The downgrade of the ferocity of Irma is good news, but it may reintensify)

News so far over the weekend (emphasis on so far!) seems indicative of a little changed open for currencies on Monday, join me in a few hours time for that (still some time for fun & sun before then though :-D (& good luck to those battling weather, earthquakes and more))