Dollar falls into correction for the first time in years

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-09-01 at 13:13:57 CST

The U.S. dollar has fallen into a correction, down more than 10% from its prior 52-week high. That ends more than a 2-year streak without this kind of a drawdown. Sentiment is sour, as falling real rates have pushed pessimism to an extreme. But that hasn't been a good reason to expect a lasting turn.

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