Dollar Resumes Losses as Traders Seen Clinging to Bearish Bets

Foreign-exchange traders are holding onto their negative view for the dollar as it resumes losses following a two-day rally.

The US currency fell versus all of its Group-of-10 peers on Thursday, down 0.4% on a trade-weighted basis, as sentiment in options markets points to further weakness. One-month risk reversals — a key gauge of demand for downside protection — are trading near the most bearish levels in five years.