Don’t bet on a strong dollar

By Oliver Mangan

The dollar has recovered some ground recently after a very shaky start to the year that saw it post significant losses in January and early February. The euro rose to as high as $1.255 in mid-February from $1.20 at the start of 2018, but has since fallen back to around the $1.23 level. Meanwhile, sterling has moved back down to around the $1.38 level, having traded as high as $1.43 in late January.