Market Insider

The US dollar could stay stuck in a rut until after November

Stephen Hilger | Bloomberg | Getty Images

The U.S. dollar is stuck in a rut, and it could stay there for a while.

Dollar bulls have been falling by the wayside this summer, as the U.S. Federal Reserve looks further away from tightening its monetary policy. The currency also runs the risk of being dumped around the presidential election if Republican Donald Trump reverses his current trend of losing ground in the polls, or if either he or Democrat Hillary Clinton ramps up anti-trade commentary.

The greenback's next hurrah could come when Fed Chair Janet Yellen speaks in Jackson Hole, Wyoming, on Aug. 26, but it may be a brief one.