Dollar Confounds Strategists Ripping Up Forecasts on Market Rout

Updated on
  • Greenback sinks 6% versus yen, 4% against euro this year
  • Biggest banks called for U.S. currency to strengthen in 2016

Currency forecasters are getting steamrolled by the $5.3 trillion-a-day market as traders all but abandon bets that monetary policy divergence between the world’s major central banks will fuel a third year of dollar gains.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.