Dollar Defies Detractors With Its Strongest Start in Five Years
- Invesco doubts dollar will weaken and give a boost to growth
- Euro slumped to lowest level in nearly three years this week
Feb. 14: Market May Have Given Up on a Strong Dollar View: Rabobank’s Foley
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The U.S. currency is having its best start to a year since 2015, defying the expectations of many forecasters and potentially adding global growth headwinds.
The Bloomberg dollar index has climbed 1.9% since the end of December, spurred in part by demand for havens as the global spread of the Wuhan coronavirus and other uncertainties dent investor appetite for riskier assets. The greenback, which is up against all of its Group-of-10 peers in 2020, has also benefited from stable U.S. economic data and bond yields that remain high relative to the rest of the world even as interest rates slide.