INSUBCONTINENT EXCLUSIVE:
Not so in the United States , where expectations for a Federal Reserve rate hike next week are flashing sell signals for the dollar.
BNP
Paribas Asset Management says the broad greenback could plunge 10 percent in the next six to nine months, while Invesco Ltd
26 decision for any comments on the impact of escalating trade tensions
next week as a near certainty, based on fed fund futures
Contracts on Wednesday showed more than 45 basis points of total tightening by the end of 2018
As global growth improves and market participants start to speculate about policy changes from the European Central Bank and Bank of Japan,
She forecasts the greenback will depreciate to $1.20 per euro and weaken to 104 yen per dollar by year-end.
The United States currency has
risen more than 5 percent since mid-April, bolstered by a robust economy, gradual tightening by the Fed and haven flows as investors sought
refuge from escalating trade tensions
to gain steam this year, speculators piled into bullish bets
Long-dollar wagers are now the third-most crowded trade in financial markets, according to fund managers surveyed by Bank of America Merrill
