Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.
BENGALURU: The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre US economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second Covid-19 coronavirus shock.
Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.
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