Dollar Is Losing Its Luster With Investors Lining Up to Go Short
- American real money managers turn bearish: Standard Chartered
- Greenback is sliding as U.S. exceptionalism wanes: QIC
Photographer: Stephen Hilger/Bloomberg
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After rocketing higher in March as the ultimate haven currency, the dollar is now headed for its worst month since the beginning of 2018, and many strategists see the sell-off continuing.
Negative real rates in the U.S., the relentless spread of the coronavirus in America and a pickup in global risk sentiment have seen investors hitting the eject button on long positions in the greenback.