Dollar Bear Market Resumes as Outlook for Higher Rates Fades
Most traders surveyed by Bloomberg say the dollar's tumble will continue this week. Seventy-five percent of the 48 traders, investors and analysts polled from Sydney to New York on July 28 advised buying euros, the most in the past year. Eighty-three percent said to buy yen. The poll has accurately forecast the dollar's direction in 27 of the past 52 weeks against the euro and in 29 versus the yen.