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Dollar's Rout Poses Risk of 2018 Rally That Blindsides Markets

  • Interest rates, tax cuts raise questions for bearish view
  • Greenback’s 9% slide in 2017 followed a post-election surge
Bloomberg business news

Serebriakov Says Dollar Won’t Weaken as Much in 2018

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Investors scanning the horizon for risks might want to question the consensus call for a weaker dollar, particularly after the market’s bullish view at the start of 2017 proved ill-founded.

Twelve months ago, the median prediction in a Bloomberg survey was for the greenback to extend a post-election surge, and hedge funds were jumping on board. As it turned out, the dollar peaked days into the new year on its way to a loss of almost 9 percent in 2017.