Dollar stalls after rally, braces for headwinds in new quarter

Reuters/Sinichi Saoshiro/3-29-2018

“The dollar stalled against its peers on Friday as the recovery seen earlier this week petered out ahead of the new quarter, which could potentially bring renewed pressure on the greenback. . . . ‘A key part of the dollar’s recent gains were quarter-end flows, with many investors seen to have closed out short positions on the currency to lift the dollar,’ said Shin Kadota, senior strategist at Barclays in Tokyo. ‘It remains to be seen if the dollar can retain its gains next week when the new quarter begins, as it will no longer have support from such flows. Much of the challenging themes will remain the same in the next quarter, such as the health of the U.S. economy and trade issues.’”

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