Wall St dollar bulls throwing in the towel
Median estimate of US Dollar Index falls to lowest level since March
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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 against the euro over the past two weeks. The median estimate for Intercontinental Exchange Inc's US Dollar Index, which tracks the currency against six major peers, has fallen to the lowest level since March.
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