JP Morgan expects the USD dollar index, DXY, to fall by 5.7% in the next 12 months
Snippet from JPM on the US dollar:
- expects the index, DXY, to fall by 5.7% in the next 12 months
- citing US economic growth looking set to moderate, data showing signs of softening
- projects US growth to slow by more than other developed-market economies
- also to grow more slowly than most emerging-market economies
- sees growth-supportive fiscal policy outside of the US weighing on the dollar
Earlier post on Nomura also eyeing slower growth:
- Nomura sees Treasury rally ahead on rising growth fears
Also earlier, another reason to sell the dollar, at least as a knee jerk:
- Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine Powell
- USD falling away a little on the Trump " bid to undermine Fed Chair Powell" WSJ report