King Dollar Rally Set to Be Supercharged by Fed Into 2022
- Investors most bullish on dollar since 2015: Bank of America
- Dollar to gain further given Fed’s outlook: Sumitomo Mitsui DS
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Buy the dollar, sell almost every other currency may be the mantra for investors heading into the new year.
The greenback is set for its biggest annual gain in six years and its rally appears to be far from over, market participants say. The prime mover: a hawkish Federal Reserve that’s drawn a roadmap of interest-rate increases over the next three years, while other central banks look much more reticent to withdraw stimulus.