us hundred dollar notes are seen in this picture illustration taken in seoul february 7 2011 reuterslee jaewon bengaluru june 2 reuters  the us dollar is set to clear its recent weak period unscathed and remain dominant because the number of reasons supporting it including its safehaven status still strongly outweigh any reason to sell according to a reuters poll risk assets which had their worst start to the year since the covid19 outbreak in 2020 pushed the dollar to a nearly twodecade high last month read more a minor rebound in stocks last week partly held the dollar back from retaking those levels and got many talking about a snap in the trend but most say its too soon to discuss that i can read reports on the screen that talk about the return of risk and stock market analysts are again enthusiastic i dont buy ittheyre just little bright spots amongst what is a bout of poor news and a selloff in the dollar will be relatively shortlived in this environment said jane foley head of fx strategy at rabobank indeed a near twothirds majority of strategists 28 of 44 said the dollars recent pullback would last less than three months among those 16 said it would die down as early as endjune six said three to six months three said six to 12 months the remaining seven chose over a year the dollars unique combination of being both a safe haven and a way to pick up yield from higher interest rates is unmatched and wont be dislodged any time soon usd provides safety yield and growth said jamie fahy global macro and asset allocation strategist at citi adding the fed still seem like the standout hawks versus its peers the european central bank bank of england and bank of japan those overarching factors were likely to keep the dollar wellbid in the nearterm the latest positioning data from the commodity futures trading commission cftc showed speculators were net long on the us dollar the trend that started nearly a year ago was expected to stay in place nearly a twothirds majority of analysts 25 of 39 who answered an additional question said strategies of going long the dollar and shorting either emerging or major currencies would dominate trading over the next three months but the wider poll of nearly 60 currency strategists reiterated the view the dollar will weaken marginally over the 12month horizon while the euro  the japanese yen  the british pound and the swiss franc were forecast to gain against the dollar over the next 12 months none were expected to recoup their yeartodate losses the dollars nearest rival the euro was expected to gain about 40 to reach 111 in a year but for years it has moved in the opposite direction explaining that entrenched view rabobanks foley said when you move out into longerterm horizons threeyear fiveyear horizons we tend to move forecasts towards fair value levels reporting by hari kishan polling by swathi nair and susobhan sarkar editing by ross finley and chizu nomiyama