Economics
Traders See No End to the Dollar’s Pain in 2018
- ECB, BOJ seen as catalysts for $5.1-trillion-a-day FX market
- Greenback’s drop this year is set to be worst in over a decade
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For the almighty dollar, 2017 has been nothing short of abysmal. Next year might be even worse.
Despite a recent bounce back, analysts and investors say the greenback could lose more ground against the euro and yen as the prospect of strong economic growth and tighter monetary policy outside the U.S. more than offsets higher interest rates at home. The dollar is down more than 7 percent versus the world’s major currencies this year, the most in over a decade.