Dollar to go lower over the medium to long term – JP Morgan

FXStreet/Ross J. Burland/7-9-2018

“Looking ahead, a worsening fiscal deficit and structural trade deficit in the U.S., coupled with slower growth in 2019 due to fading fiscal stimulus, should push the dollar lower over the medium to long term. Meanwhile, growth outside of the U.S. and commodity demand are both poised to remain healthy. This backdrop suggests that there may be an opportunity in commodities going forward, particularly those parts of the market that have shown an elevated sensitivity to changes in the U.S. dollar.”

 

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