Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
Institutional investors could soon pull billions from dollar-denominated assets as optimism for such bullish bets fades and other developed market currencies look set to appreciate against the greenback in the coming months, attendees at the 11th annual FX Invest North America conference heard.
The comments came after US banking giants JP Morgan and Goldman Sachs flipped their previously bullish dollar views to a bearish take as doubts about the efficacy of President Donald Trump’s promised
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