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The Dollar’s Losses May Just Be Getting Started

  • Dollar gauge dropped the most in two years last month
  • Fed has room to cut rates, weighing on greenback, M&G says
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WATCH: The dollar will fall in 2020, says Jeremy Stretch, head of FX strategy at Canadian Imperial Bank of Commerce.Source: Bloomberg
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The dollar had an awful December and things may only get worse.

That’s the view of a growing number of fund managers and strategists including those at M&G Investments Ltd., Brandywine Global Investment Management and ABN Amro Bank NV. A truce in the U.S.-China trade war, improving global growth and a shrinking yield premium on U.S. Treasuries will undermine the currency, they said.