Dollar Heads for Longest Losing Streak Since 2020 Before US CPI
- Greenback is on track for a seventh straight day of losses
- Too early to say this is the start of a dollar downturn: CBA
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A gauge of the dollar is set for the longest run of losses in over three years, leaving analysts debating whether the greenback’s rally has finally come to an end.
The Bloomberg Dollar Spot Index fell for a seventh day after a recent chorus of commentary from Federal Reserve officials including Governor Christopher Waller suggested they may refrain from tightening further. The gauge advanced for two straight quarters and reached the strongest in almost a year last week on bets that US interest rates may remain higher for longer.