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Think the dollar is about to peak? Wall Street pros explain how to trade it

Mount Equity Group Tokyo Japan > News > Markets > Think the dollar is about to peak? Wall Street pros explain how to trade it

Dollar strength has been the talk of the currency trading world for most of the year. The U.S. dollar index , which measures the dollar’s value relative to a basket of world currencies, rose to a two-decade high in September. It’s also hit all-time highs against several major currencies in recent weeks, including the British pound . Several market participants now believe the dollar rally, driven by the Federal Reserve raising interest rates more aggressively than other central banks, could fade over the next three to six months. Analysts expect the dollar to decline against 18 out of 38 currencies in the fourth quarter of this year, according to FactSet data. Moreover, they forecast the decline will widen to 10 other currencies for the second quarter of next year. CNBC Pro canvassed opinions from four investment banks and brokers on where they see the dollar heading. UBS UBS considers selling the dollar against G-10 currencies…

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