Feb
10
Credit Suisse Turns Bearish on U.S. Dollar Amid Fears of Monetary Policy Impotence
By“An obvious end to the monetary policy divergence trade”
Credit Suisse has turned bearish on the U.S. dollar versus the other two G3 currencies for the first time since the greenback’s scintillating rally began in the middle of 2014.
The bank’s currency team, led by Global Head of FX Strategy Shahab Jalinoos, sees EURUSD rising to 1.17 and USDJPY falling to 110 over the next three months.
Concerns about monetary policy impotence—that central bankers will be unable to successfully reflate their economies—are becoming embedded in currency valuations, according to the analysts…
Credit Suisse Turns Bearish on U.S. Dollar Amid Fears of Monetary Policy Impotence
