The Bloomberg dollar spot index is expected to reach new highs over the next month, according to two-thirds of the participants.
Almost 45% of participants in the most recent MLIV Pulse survey anticipate a
coordinated effort by powerful nations to devalue the dollar.
They expect that Japan will boost up
its expensive efforts to sustain the yen on its own, without assistance from others.
Japan invested $19.7 billion in its first currency intervention since 1998 to support the yen.
Compared to the pound and the yen, the dollar has strengthened
even more this year, with the Bloomberg dollar index up 14%.
The third-quarter data will show the impact more clearly, according to over 90% of respondents.
The Federal Reserve’s tightened policy increased US bond yields and drove up the dollar.