‘The dollar between now and at least the end of the year will remain stronger across the board,’ said Roberto Mialich, currency strategist at UniCredit.

But beyond 2022, the dollar was expected to give up some of those year-to-date gains, the Reuters Sept. 1-6 poll of 70 foreign exchange strategists showed.

Britain's struggling currency won't regain its losses against the U.S. dollar anytime soon as steep interest rate increases from the Bank of England fail to offset an expected recession and increased government spending.

The common currency was forecast to trade around $1.02 and $1.06 in the next six and 12 months respectively. If realized, those expected gains of around 3% to 7% would fall short in making up for the 13% decline for the year.

Those median forecasts for one, three and six month horizons were the lowest in nearly two decades.

The Japanese yen, down about a fifth and the worst underperformer among majors for the year, was expected to recoup about half of those losses to trade at 127.0 per dollar in a year. It was last trading around 142 against the dollar.