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JP Morgan: In the foreseeable future, people will tend to sell the US Dollar on rallies
BlockBeats News, August 5th, "We have always conducted trade in the environment of American exceptionalism, and the United States is undoubtedly the world's most powerful economy. In my view, the situation has changed," said Erik Nelson, Global Foreign Exchange Strategist at Wells Fargo. "There are potential structural concerns—Fed independence, data quality, you name it. When it comes to the economic backdrop, all of these are moving in the wrong direction. In the foreseeable future, people will tend to sell the dollar on rallies." (FXStreet)
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