Markets should brace for further weakness in the dollar as liquidity is ample due to the Federal Reserve's measures, said Wei-Liang Chang, macro strategist at DBS Bank, adding that the currency would stay on the back foot until the Presidential elections in November.
BENGALURU: Investors stacked up bullish bets on most Asian currencies, a fortnightly Reuters poll found on Thursday, as worries the Covid-19 coronavirus pandemic is hobbling a nascent recovery in the U.S. economy clouded the dollar's outlook.
Climbing infection rates, a stalled coronavirus relief bill, weak jobs data and escalating tensions with China have driven investors out of the traditional security of the dollar, with the greenback posting its biggest monthly drop in a decade in July.
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