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Dollar’s near-term outlook bright, but to fade in a year

Mount Equity Group Tokyo, Japan > News > Markets > Dollar’s near-term outlook bright, but to fade in a year

A man counts U.S. dollar banknotes at a currency exchange shop in Beirut, Lebanon, June 11, 2021. REUTERS/Mohamed Azakir

  • https://apac1.apps.cp.thomsonreuters.com/Apps/fx-polls poll data
  • Reuters poll graphic on the EUR/USD and U.S. 10-year Treasury yield outlook: https://tmsnrt.rs/3jxxC8T
  • Reuters poll graphic on currency market outlook: https://tmsnrt.rs/3jy062o

BENGALURU, July 2 (Reuters) – Near-term bets in favour of the dollar should be increased, a majority of analysts in Reuters polls said, who however were split on the duration of the greenback’s bullish trend and forecast its allure to fade in a year.

Tracking the Federal Reserve’s surprisingly hawkish outlook at the June meeting, the dollar ended its two month losing streak and gained about 3% against a basket of currencies last month, marking its best monthly performance in 4-1/2 years.

What has also supported the dollar and other safe-haven assets – including Treasuries and the…

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