Americans hoping to take advantage of the greenback’s historic strength with a vacation abroad should consider booking sooner rather than later. After a stunning rally over the past year, the dollar’s stint at multi-decade highs may finally have come to an end.
That is, if a handful of Wall Street strategists are to be believed.
One of them, UBS, told clients Wednesday that “the dollar’s best days may be behind us.”
Back in late April, the U.S. dollar reached its strongest level against the euro since late 2002, peaking at 1.05 euros to the dollar
EURUSD,
-0.73%,
very near “parity” or the level at which one euro would be worth one dollar. Since then, the greenback has softened a bit. Still, one popular gauge of the greenback’s strength against its main rivals — the ICE U.S. dollar index — has gained more than 13%
DXY,
+0.81%
over the past year and more than…
