News

JP Morgan expect the US dollar to get weaker (once US Treasury yields stop rising)

Via Reuters polling of analyst expectations for the USD, the highlights:

  • 46 of 54 analysts said US Treasury yields will give the dollar the
    most direction over the next 12 months
  • 29 of 48 analysts said the dollar’s strength was not at
    an inflection point against other currencies  

Reuters also report some of the remarks received, this via Tai Hui, chief Asia market strategist at JP Morgan Asset Management:

  •  ”The market in the near term is going to focus on the fact that
    we expect U.S. Treasury yields to keep rising on the back of the
    Fed’s tapering of QE and also the ongoing recovery in the U.S.
    economy” 
  • “Treasury yields are not going to rise
    indefinitely. At some point they’re going to stabilize and I think
    that’s when the dollar is going to face a bit more downward pressure
    and that’s why we are still expecting the dollar to get weaker.” 

Invest in yourself. See our forex education hub.

Articles You May Like

Markets in Risk-on Mood, Aussie Higher, Dollar Lower
Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’
GBP/USD to enjoy a sharp squeeze higher on a break above 1.2270 – Scotiabank
AMC Entertainment Stock News and Forecast: AMC pops and drops, still up nearly 8%
Dollar Selloff Resumes after PPI Miss

Leave a Reply

Your email address will not be published.