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The Dollar's Weakness Is a Good-News Story About Global Growth

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Nomura's Dragicevich Sees More U.S. Dollar Weakness Ahead

Want to know why the dollar’s been weaker this year? Follow the growth forecasts, advises Renaissance Macro LLC head of U.S. economics Neil Dutta.

“Changes in growth expectations are a meaningful driver of currency exchange rates,” he wrote in a note to clients Monday. “The USD has tended to depreciate more against those countries that have seen larger upward revisions to 2017 GDP estimates, according to Bloomberg.”