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Wall St dollar bulls throwing in the towel

Median estimate of US Dollar Index falls to lowest level since March
Thursday, September 24, 2015 - 05:50

LESS NOTE-WORTHY: In another sign that the bullish consensus is fading, only four banks are calling for the dollar to rally to parity with the euro by year-end, compared with 14 at the start of the quarter.

New York

SIX months after the dollar's ascent faded, Wall Street is giving in. For a second straight quarter, the greenback is set to trail strategists' projections.

Morgan Stanley, Bank of America Corp and Citigroup Inc are among banks that have lowered their dollar forecasts

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