Societe Generale: Dollar Decline May Be Limited, Signs of Recovery Reversal Emerging

Mars Finance reports that Société Générale states that the recent decline in the US dollar against a basket of currencies is expected to be limited. After the dollar index hit its highest point in over nine months, the bullish positions on the dollar appear to be excessive. The foreign exchange market is showing signs of a reversal in the dollar’s recovery, but the rebound of the euro or British pound against the dollar may not last. The dollar typically benefits from rising energy prices and investors seeking safe-haven assets.