‘Don’t Fight It’: Hedge Funds, Wall Street Double Down on Dollar
- Hedge funds, investment banks see dollar strength continuing
- Catalysts range from hawkish Fed to global recession
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The dollar rally has room to run and those who stand in its way risk getting bowled over by its unstoppable strength.
That’s the view of hedge funds and investment banks from New York to Melbourne as a Bloomberg gauge of the world’s reserve currency heads higher, breaking past its pandemic peak to a fresh record.