Forget Trump, 2017 is not the year of the dollar – Swissquote

The bank's head of strategy is not buying the Trump story and he's bullish on the euro

Dollars
Losing its magic: Swissquote Bank sees EUR/USD trading at 1.10 in three months and 1.14 by the year end

CLICK HERE TO VIEW THE PDF Despite high expectations for the greenback going into 2017, the first six weeks of the year tell a very different story. And disappointment for dollar bulls may well continue, says Peter Rosenstreich, head of market strategy at Swissquote Bank, who sees negative pressure building. "After the US election, people started talking about reflation and pro-growth stories. The feeling across the market was that the dollar was going to dominate. We didn't think that, based