Monday, July 13, 2009

JPMorgan Chase expects weakening dollar in the medium term "

JPMorgan Chase & Co expects weakening dollar in the medium term ", as well as beginning the season reports very capable cheer investors, and thus reduce the demand for the currency of refuge. "Bearing in mind the avalanche of corporate records, preparing to be released in the next three weeks, we predict the growth of all risky assets, including stock and still bears on the dollar in the medium term", - said John Normand, currency strategist JPMorgan in London. Markets seem to have similar views. Thus, at the tender on Monday the U.S. and Japanese currency cheaper for a rally in shares of Goldman Sachs Group Inc (approx. Profinance.ru: report tomorrow before the opening of the market), as well as other companies' banking sector. "Appetite for risk is growing, and the U.S. have no interest," - summarizes Richard Franulovich, senior currency strategist Westpac Banking Corp in New York.

1 comment:

Anonymous said...

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