usd

The big bets have been against the USD in July, but this maybe an opportunity to buy some, cheap. Ninety-four percent of the 17 money managers overseeing a total of $1.26 trillion surveyed by Ried Thunberg ICAP Inc. expect the dollar to be stronger or steady relative to the euro in next three months, while 59 percent expect it to be stronger or steady against the yen. The New Jersey-based firm is a unit of the world’s largest interdealer broker. The dollar weakened 2.2 percent in July, according to Bloomberg Correlation-Weighted Currency Indexes, which track the performance of a basket … Read more