Dollar May Drop for Second Week Against Euro, Yen, Survey Shows
The dollar is likely to decline for a second week against the yen and euro on speculation economies in Japan and Europe are accelerating fast enough to draw investors from the U.S., according to a Bloomberg survey. Fifty-five percent of the 57 traders, strategists and investors surveyed from Sydney to New York on Aug. 26 said to sell the dollar against the yen, up from 30 percent a week ago. Forty-six percent said they'd sell the dollar against the euro, the second highest since March. Twenty-six percent said hold. The dollar is still up 7.4 percent versus the yen this year.
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