Pessimism holds dollar back from recovery

The weakening dollar has been driving the returns in managed futures and CTA strategies.

Going short the dollar and long in almost any other currency has been a successful strategy, according to Zbigniew Hermaszewski, director at Altis.

He says the weakening of the US currency has been the big play of the past few months, driving forward the group's portfolios more so than more traditional commodities.

The euro has been the main beneficiary of the downturn in the dollar but a number of other curre

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