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US Dollar Is Near to Its Peak
The US dollar’s winning streak looks to be running out of steam. Strategists at Barclays Plc, Morgan Stanley and National Australia Bank Ltd. caution that bets on the greenback are getting increasingly stretched. Options positioning shows the weakest appetite for new dollar positions in two months. And gauges of volatility show expected moves in currencies at the lowest in 18 months. A Bloomberg index of the dollar has traded sideways since hitting its year-to-date peak earlier this month, and even US Treasury yields spiking to their highest in more than a decade last week failed to ignite enough momentum for the ... (full story)