The dollar hit a new low Friday against other currency, trading at the 91.011 mark. North Korea and political unrest in Washington D.C. are among reasons analysts said the dollar remains weak. The euro on Friday hit its highest level against the dollar since 2015. Since January, the dollar has lost about 11 percent of its value. Deutsche Bank strategist George Saravelos said part of the issue is because “Americans are hugely underweight in their investment allocations to the rest of the world.” Saravelos said Americans have “liquidated close to the entirety of their foreign fixed-income portfolio and are likely in the process of reallocating back to the rest of the world.”
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