After the worst start to a year for the greenback since 2006, the end of the first half couldn’t come quick enough for the dwindling ranks of dollar bulls. The currency’s 6.6 per cent decline in the six months through June were the worst half for the dollar since the back end of 2010. “It’s more about the dollar remaining weighed down by the unwinding of financial expectations.”The sudden hawkish tilt by global central banks hasn’t helped. They turned bearish on the dollar for the first time since May 2016 last week. Wagers the greenback will decline outnumber bets it’ll strengthen by 30,037 contracts, Commodity Futures Trading Commission data released Friday show.

Source: Economic Times July 02, 2017 10:07 UTC