Best Forecasters See No Reprieve for Dollar as Trump Woes Mount
- Sell dollar against basket that includes yen, Westpac says
- Bullish dollar bets toppled as world’s most popular trade
Dollar Nears a Six-Month Low on Trump
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The dollar is set to extend its decline as the turmoil engulfing President Donald Trump will make it harder for him to deliver his pro-growth agenda, some of the best currency forecasters say.
Westpac Banking Corp., the second most-accurate currency forecaster in Bloomberg’s most recent rankings, is advising clients to sell the dollar against a basket comprising the euro, yen and loonie. Macquarie Bank Ltd., among the top 10, expects the greenback to decline further versus the currencies of Japan and the euro.