U.S. Dollar banknotes are seen in a box at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger
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The dollar is down more than 7 percent versus the world's major currencies this year, the most in over a decade.Browne says the euro could reach $1.30 in 2018, representing a 10.7 percent advance against the dollar.The dollar was at $1.1743 per euro and 113.33 yen.Currency traders sold dollars this year despite a surge in forward interest rate swaps, which essentially reflects a bet on more tightening by the Fed. Instead, they bought euros and yen.The shift comes as global growth is expected to strengthen to 3.7 percent next year, the most in seven years.
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