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“The dollar is still likely to move lower over the course of the year,” Seamus Mac Gorain, head of global rates at JPMorgan Asset Management, said last week. “Many of the currencies which are more levered to global growth, particularly emerging market currencies” and the Aussie are set to strengthen, he said. The Bloomberg Dollar Spot Index has climbed more than 1 per cent since sliding to the lowest in almost three years this month. While the gains have fuelled talk about a rebound, some including Goldman Sachs and investors in a Bank of America survey remain steadfast in forecasting...

U.S. dollar shorts mount before Yellen outlines market-based policy Ruth Carson, Bloomberg News Janet Yellen, chair of the U.S. Federal Reserve, listens to a question during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. , Bloomberg Investors may take Janet Yellen’s expected endorsement of a market-driven exchange rate as an additional green light for the U.S. currency’s long-term downtrend. The U.S. Treasury Secretary-designate will affirm the U.S....