US dollar at crossroads as currency strategists turn bearish

London

THE US dollar is at a crucial crossroads these days as more currency strategists have turned bearish.

Much will depend, however, on US monetary policy and the pressure of debt servicing and repayments of Asian, European and other international borrowers of the greenback.

Steven Barrow, currency analyst of Standard Chartered Bank, sums up the US dollar's bear case, noting that the dollar index is 33 per cent higher than its 2011 low.

The more recent dollar bull market began in early-2018, and from that date the dollar index has risen by 9.3 per cent.

The greenback is currently up by 17.8 per cent against the Australian dollar, the euro and pound by 15.…