The American dollar may decline against other major currencies, given that corporate earnings will probably come much better than expectations, leading to an increase in stocks and encourage investors to buy more profitable foreign assets. According to currency strategists JPMorgan, given that data on economic activity continued to exceed projections, the profit of American corporations is also likely to prepodnesut pleasant surprises. This will enhance the appetite for risk, leading to increased demand for foreign equities and high yield currencies, with both means negative for the dollar cash flows. Because the basic data on the income will go towards the end of July, in the next three weeks, the dollar is likely to remain in current ranges in pairs with the major currencies, and then begin reducing the U.S. currency. During June, the U.S. paired with the Euro trading in the range 1.4338 - 1.3749. Now a pair of Euro / dollar was at 1.4055.
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