Fund managers take most bearish stance on US dollar for a decade
Ian Smith, Rachel Rees and Emma Dunkley
London | Washington | Fund managers are taking the most bearish stance on the US dollar in more than a decade, as the currency bears the brunt of the damage from unpredictable US policymaking.
The US dollar is down 1.3 per cent this year against a basket of peers including the euro and the pound – on top of a 9 per cent drop in 2025 – and is hovering close to a four-year low.