JPMorgan lowered the forecast for the dollar against the euro and British pound, explaining his decision that the signs of recovery in the global economy induced investors to purchase high-yield currencies at the expense of the main reserve currency, that is American dollar. By the end of the year, according to bank analysts, the dollar would drop to 1.45 (compared to before. Forecast 1.34) for the euro and up to 1.58 (compared to before. Forecast 1.43) per pound. What happened last week's decline in equity markets and the currencies linked to the economic cycle, is a temporary factor, but the basic trend remains unchanged. The issue of money is the main argument in favor of JPMorgan analysts continued growth of risk assets and the dollar weakened. "The market is too much free money - believed at the bank. - Growth in the markets of risky assets and the decline in the dollar as a result of redistribution are quite modest, even taking into account the dynamics of the past two months."
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