The dollar index is off 6% from its recent highs, while net bets against the currency in futures markets stand near their highest level since 2018. A decline in the dollar earlier this week set off a technical formation known as a “Death Cross,” which occurs when the 50-day moving average crosses below the 200-day moving average, according to analysts at BofA Global Research. Past occurrences of the Death Cross have been followed by a period of dollar weakness eight out of nine times since 1980 when the 200-day moving average has been declining, as it is now, analysts at the bank said. The U.S. currency’s weakness ... (full story)