New York
THE easy money made in 2014 from wagering on the dollar's appreciation against the euro and yen is over, compelling traders to dig deeper for bargains as the greenback's advance moderates.
After soaring 13 per cent last year, the US Dollar Index will rise just another 3.6 per cent in 2015, according to more than a dozen strategists surveyed by Bloomberg. Bank of America Corp's top pick for 2015 in terms of risk-reward payoff is buying the US currency against its Australian namesake, while Goldman Sachs Group Inc says the dollar will gain versus a basket of South Africa's rand and Hungary's forint, as well as against the euro.
"Trading will be bumpier, with more zigs and zags," Greg Anderson,...
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