The greenback’s recent surge will last less than three months, according to a majority of 80 strategists polled by Reuters between Sept. 28 and Oct. 5.
The dollar index, which gauges the greenback’s value against majors, rose from 91.75 to 94.74 in the first three weeks of September and was last seen near 93.37.
Key points
Dollar’s run-up was already over, 13 respondents said, while the remaining 21 predicted it to run for over three months.
The dollar volatility is expected to remain high in the days leading up to the Nov. 3 election.
While the US political uncertainty may support the greenback, hopes for the US stimulus may keep risk assets better bid and cap the dollar’s upside.
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