(Yahoo Finance) In the shadow of the stock market’s meteoric rise this year, the U.S. dollar has fallen faster and harder than most analysts expected.
The Bank of Japan and European Central Bank are expected to reduce their bond-buying program, which are pumping billions into their respective economies. And globally the economic recovery is making bonds and equities in emerging markets with high-risk, high-reward potential more attractive.
With no end in sight for the global growth story and central banks moving toward less stimulus, analysts also say they’re expecting further dollar weakness, at least in the near term.
“Until the dollar’s done losing, it’s losing,” said John Doyle, director of markets at Monex Inc in Washington. “I’m staying the hell out of the way of it.”
