Economics
A $1 Trillion Fund Doubts Dollar Rally Will Last
- Amundi prefers to wager on strength in European currencies
- Hedge funds boost dollar short positions to most in four years
Dollar Correction `Is on the Cards,' Analyst Says
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Dollar skeptics are extending their bets outside the U.S., even as the greenback rallies.
Amundi SA, which oversees more than $1.1 trillion, prefers to wager on European currencies including the euro, while Schroder Investment Management Ltd. is putting its money into emerging markets. Eaton Vance Corp. in Boston says improving growth outside the U.S. could see the dollar resume weakening as it has for most of the year.