The weakening of the US dollar is set to slide even further, but its importance as the world’s reserve currency is unlikely to diminish, according to analysts. The greenback had benefited when investors flew to safety amid the pandemic, which carried it to a half-and-a-half-year high in March. But now …
Read More »The euro will see ‘really significant’ inflows as crucial tail risks are removed
The strong monetary policy response of the European Central Bank to the coronavirus pandemic and the prospect of a fiscal union have eliminated historical tail risks for the euro currency, according to Sam Zief, global head of currency strategy at JPMorgan Private Bank. JPMorgan has recently updated its common currency …
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