Dollar Poised for First-Half Drop as Fed Hike Prospects Dwindle

  • Greenback falls for second day as post-Brexit demand fades
  • Currency weakness defies median forecasts for gains this year

The dollar dropped for a second day, extending its loss for the first half of this year, as traders wager the Federal Reserve is more likely to cut interest rates than raise them in upcoming meetings.

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