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The Tell: The dollar won’t win the ‘triple crown’ in 2018, Pimco says

The U.S. dollar is looking pretty good as the second quarter draws to a close, but don’t expect it to take all the trophies when 2018 comes to a close, a Pimco analyst warned.

The buck has strengthened this quarter, helped by a Federal Reserve that is marching ahead of other major central banks, steadily tightening monetary policy and building on the differential in interest rates between the U.S. and other economies.

Read:Here’s how the ECB just breathed new life into the dollar rally, analysts say

The ICE U.S. Dollar Index DXY, -0.11% , which measures the greenback against six rivals, most notably the euro EURUSD, +0.2077% , is up 3.4% in the year-to-date, after dropping some 10% in 2017.

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