Market News
US dollar outlook more subdued, but tariffs souring sentiment: Reuters poll
BENGALURU, April 1 (Reuters) - (This April 1 story has been refiled to correct the spelling of commodities in paragraph 4)
The U.S. dollar is forecast to stabilize over the coming months despite mounting worries about the economic impact of President Donald Trump’s erratic tariff announcements, according to a Reuters survey of FX strategists.
Over one-third of strategists surveyed in the past few days also expressed concern about the greenback's traditional role in currency markets as a safe haven.
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Trump is set to implement tariffs on U.S. trading partners on Wednesday, which in several cases come in addition to tariffs already announced, causing widespread confusion and uncertainty, including on currency trading desks.
Traders offloaded near-decade high long bets in droves the past two months, commodities and futures trading data showed, with positioning flipping to 'net short' for the first time since October.
That was partly driven by recent speculation in markets for three more Federal Reserve rate cuts this year compared with just two previously.
