It Looks Like Another Rough Year for the Dollar in 2018
- Steady weakening of U.S. currency seen as euro area recovers
- Societe Generale, TD Securities see greenback decline in 2018
Nomura's Rochester Sees Downside for the U.S. Dollar
This article is for subscribers only.
A hawkish Federal Reserve, an economy firing on all cylinders, the tentative revival of the “Trump Trade” -- all that won’t be enough to boost the dollar next year, according to a chorus of Wall Street strategists.
The dollar is heading for its worst year in more than a decade, and bearish projections are still piling up. Analysts say the steady unraveling of the greenback’s post-crisis bull run will be confirmed next year as global growth gathers pace and central banks converge on a more hawkish tone.