Bet Against Dollar at Own Peril, Managers of $365 Billion Say
- U.S. Bank Wealth Management, Pioneer see greenback paring loss
- Currency selloff pauses as reports still show signs of growth
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The dollar’s weak start to 2016 is showing signs of a turnaround as doubts about the economic outlook fade, according to U.S. Bank Wealth Management and Pioneer Investments.
Traders who almost completely rule out a Federal Reserve interest-rate increase this year are confronted with data showing the U.S. economy is growing at a faster pace than its major peers. A forecasting tool created by the Fed Bank of Atlanta indicates U.S. growth in the first quarter of 2.6 percent at an annual rate, exceeding 1.6 percent average for Group of Eight countries, according to Bloomberg surveys.