World's Top Currency Trader Says Take Profit on Dollar Advance
- U.S. rate speculation has boosted greenback against most peers
- Futures show 74% probability of Fed liftoff in December
Take the Money and Run: Strategist on Dollar Positions
This article is for subscribers only.
The world’s biggest currency trader says the time has come to close out trades that benefited from the dollar’s rally.
After a world-beating surge on speculation the Federal Open Market Committee will raise interest rates this year, the U.S. currency is unlikely to appreciate further once liftoff occurs, according to Citigroup Inc., which topped Euromoney Institutional Investor Plc’s annual industry rankings for 2015.