Dollar Confounds Strategists Ripping Up Forecasts on Market RoutBy
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.
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