Wrong again, say some currency strategists who’ve broken away from the consensus call for a weaker dollar this year. Raising questions for the bearish view are rate hikes, the tax cut and the “dollar smile” formula, which holds that the greenback tends to strengthen when the U.S. economy outperforms amid mediocre global growth. “The dollar strengthens on a stronger outlook, but because there is uncertainty, the dollar can strengthen even more," said Ben Emons, chief economist at Intellectus Partners LLC.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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