Currencies
US Dollar Is Near to Its Peak
- A gauge of the currency has rallied more than 5% since June
- Data on positioning, options and volatility suggests a plateau
It’s not the first time that Wall Street has called the demise of the dollar, only for the currency to rip higher.
Photographer: Scott Eells/BloombergThis article is for subscribers only.
The US dollar’s winning streak looks to be running out of steam.
Strategists at Barclays Plc, Morgan Stanley and National Australia Bank Ltd. caution that bets on the greenback are getting increasingly stretched. Options positioning shows the weakest appetite for new dollar positions in two months. And gauges of volatility show expected moves in currencies at the lowest in 18 months.