Is the dollar play dead and should investors ditch M&G Global Macro Bond?

At the start of 2013 we wrote that the long awaited sterling weakness versus the dollar might be at hand and that M&G Global Macro Bond was well positioned to exploit this. But the dollar rally never materialised and M&G Global Macro Bond went nowhere. So what is the outlook for the dollar as we head into 2014? Is the dollar play dead and should investors ditch M&G Global Macro Bond?