Feb
14
Dollar Fragile to China Return as Hedge Funds Sour on Greenback
ByA rally in the dollar may lose momentum if a report Monday shows China’s imports fell for a 15th consecutive month, shifting demand from the greenback to haven currencies such as the yen and euro.
The dollar held gains against almost all of its 16 major counterparts before the data Monday, advancing for a second day against the yen after a report Friday showed U.S. retail sales increased more than forecast in January. Large hedge funds and speculators cut their bets on the dollar’s gains last week by the most since June…
Dollar Fragile to China Return as Hedge Funds Sour on Greenback
