US dollar likely to face downward pressure in the near-term – JP Morgan
|Tai Hui, Chief Asia market strategist at JP Morgan Asset Management offers his view on the US dollar for the near term, as the Fed is likely to announce tapering sooner than expected.
Key quotes
"The market in the near term is going to focus on the fact that we expect US Treasury yields to keep rising on the back of the Fed's tapering of QE and also the ongoing recovery in the US economy"
"Treasury yields are not going to rise indefinitely. At some point, they're going to stabilize and I think that's when the dollar is going to face a bit more downward pressure and that's why we are still expecting the dollar to get weaker."
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.