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NEW YORK — Investors are counting on a weakening dollar to boost rallies in everything from U.S. stocks to emerging markets and industrial metals in 2021.
Record-low U.S. interest rates, massive financial stimulus and a growing appetite for risk are among the catalysts that contributed to the dollar’s 6% drop against a basket of its peers year-to-date, putting it on track for its weakest year since 2017.
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Investors bet weak dollar will keep risk rally going in 2021 Back to video
Over two-thirds of analysts in a recent Reuters poll said the dollar would keep falling until at least mid-2021, as investors continue shifting into comparatively riskier assets and seeking higher yields.