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:
Also earlier, another reason to sell the dollar, at least as a knee jerk:
