FX Traders Losing Confidence in Dollar With Few Catalysts to Buy
- “The dollar has peaked,” says Societe Generale’s Juckes
- Options signal smaller chance of greenback gain versus euro
NAB's Catril Sees More Room for Euro to Run
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Currency traders are getting no joy from one of the market’s most crowded trades.
Dollar bulls have reason to be gloomy after the greenback ended last week little changed against a basket of peers following a three-week decline. The U.S. currency struggled to lure buyers after a mixed jobs report and a Federal Reserve meeting in which officials signaled no change to their interest-rate policy outlook.