Dollar to enter 2020 on a strong footing, no contender in sight: Reuters poll

The U.S. dollar will continue its rally for at least another six months with no ...

BENGALURU - The U.S. dollar will continue its rally for at least another six months with no contender in sight to challenge its dominance, a Reuters poll of foreign exchange analysts found.

According to the latest data from the Commodity Futures Trading Commission , currency speculators kept raising their total net long dollar positions, a trend unlikely to change in the near-term. “The dollar is only going to start weakening when the data becomes pretty conclusively weak enough in the U.S. to make the markets think that we are getting more than precautionary easing,” said Kit Juckes, FX strategist at Societe Generale in London.

Fifteen said an escalation in the U.S.-China trade war, 11 said positive returns on dollar-denominated assets and the other five gave varied opinions.

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