Everyone Loving the Dollar Raises Correction Alarm to Kit Juckes
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The biggest rally in the dollar in more than four years is raising a red flag that the best-performing major currency of 2014 risks reversing course.
“I am alarmed by consensus and positioning, both of which are extreme,” Kit Juckes, a London-based global strategist at Societe Generale SA, wrote in a note today. “A correction seems likely very soon, if it isn’t already starting.”