POLL-Dollar's strength here to stay; only a 率 削減(する) could dent it -FX strategists

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-投票s?RIC=EUR= 投票 data

By Indradip Ghosh and Shaloo Shrivastava

BENGALURU, June 8 (Reuters) - The dollar's 新たにするd strength against most major 通貨s will not fade away anytime soon, によれば FX strategists 投票d by Reuters, who said it would take 率 削減(する)s from the 連邦の Reserve to 弱める the 通貨 大幅に.

The 米国紙幣 has recouped all of its 概略で 3% losses for the year 支えるd through April on 安全な-港/避難所 企て,努力,提案s 関係のある to 最近の 関心s over the U.S. 負債 天井 and growing 期待s of a July 率 引き上げ(る) after a pause in June.

That, along with receding 率 削減(する) calls for 2023, will support the dollar in coming months, 分析家s say, even if Fed policymakers decide to skip a 会合 for the first time in an 積極的な 強化するing (選挙などの)運動をする that began in March last year.

Most major 通貨s were not 推定する/予想するd to 埋め立てる their end-April levels against the dollar at least until September, によれば median 予測(する)s from 74 market strategists 投票d June 1-7. That was a 近づく-across-the-board 昇格 compared with a May 調査する.

"The U.S. economy continues to surprise to the upside, while Europe and 中国 have been 女性 than 推定する/予想するd...this pattern will have to abate before medium-称する,呼ぶ/期間/用語 shallow dollar 価値低下 can come 支援する into 見解(をとる)," 公式文書,認めるd Kamakshya Trivedi, 長,率いる of 全世界の FX at Goldman Sachs.

"At 現在の pricing, 'sticking with skipping' in the 中央 of a buoyant 危険 背景 would 現在の some challenge to the dollar, but we 嫌疑者,容疑者/疑う that downside will continue to be shallow and 限られた/立憲的な by U.S. 大型の 業績/成果."

逮捕する USD short positions have 緩和するd over the past few weeks a s the 最近の 決起大会/結集させる 鈍らせるd bearish 投資家s' mood who were hoping for a 支えるd 証拠不十分 in the dollar に引き続いて last year's multi-10年間 highs, によれば data from the 商品/必需品 未来s 貿易(する)ing (売買)手数料,委託(する)/委員会/権限.

That was contrary to what was 予報するd by most FX strategists in the May 調査する. Just over a half of 回答者/被告s said 逮捕する short dollar positioning would 増加する by end-May.

にもかかわらず markets 推定する/予想するing the European Central Bank and the Bank of England to go for at least two more 率 引き上げ(る)s, versus one from the Fed, the euro and 英貨の/純銀の were 予報するd to make only modest 伸び(る)s over the coming three months.

After 拒絶する/低下するing more than 3% in May, the euro, 現在/一般に at $1.07, was 推定する/予想するd to 伸び(る) just around 2% and 貿易(する) at $1.09. 英貨の/純銀の was 予測(する) to change 手渡すs at $1.24, 概して 不変の from the 現在の level.

Mostly all major 通貨s were 予報するd to 貿易(する) below their 各々の 2022 highs against the dollar - which were 大部分は before the Fed began its 強化するing cycle - in one year from now.

A 大多数 of 回答者/被告s who answered an 付加 question said a 率 削減(する) by the Fed, which 経済学者s do not 推定する/予想する to come until next year, or a pause in its 強化するing cycle could lead to a 支えるd 女性 dollar.

But a 大多数 of 経済学者s in a separate Reuters 調査する 予報するd the Fed would pause in June for the first time in more than a year and keep its 重要な 利益/興味 率 at 5.00%-5.25% then and for the 残り/休憩(する) of the year.

A growing 少数,小数派, however, 推定する/予想するd at least one more 引き上げ(る) between the June and July 会合s.

"As the U.S. economy continues to 論証する resilience in the 直面する of higher 率s, the 率s market is pricing out 率 削減(する)s and could yet 熟視する/熟考する the idea that a June Fed pause, or skip, could be followed by another jump," said 道具 Juckes, 長,指導者 FX strategist at Societe Generale.

"The FX market is 跡をつけるing short-称する,呼ぶ/期間/用語 率s more closely than ever in the 直面する of wider 不確定, and with positioning still short USD, the 現在の uptrend can continue for a while longer."

(For other stories from the June Reuters foreign 交流 投票:)

(報告(する)/憶測ing by Indradip Ghosh and Shaloo Srivastava, 投票ing by Aditi Verma and Anitta Sunil; Editing by Alex Richardson)

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