Lates News

After the results of the US-China trade negotiations were more positive than expected, JPMorgan's foreign exchange strategist stated that the reasons for shorting the US dollar still exist, despite the weakening momentum. "The phenomenon of the dollar's rebound lagging behind the US stock market has ample logical support," the JPMorgan team, including Meera Chandan and Arindam Sandilya, wrote in a report on Tuesday. Analysts pointed out that even with the stock market rebounding and expectations of a Fed rate cut weakening, there are still multiple factors putting pressure on the US dollar.