The next dollar surge: the last one?

MARKET VOICE

Steven Englander, global currency economist at Citibank/SSB, says the medium-term dollar-favourable outlook is unlikely to last

We think we are at one of those junctures where the near-term dollar outlook contrasts with the medium-term risks. The economic cycle remains dollar-favourable over the next three to six months. However, we are increasingly concerned that once recovery is fully priced into US asset markets, foreign investors will become less willing to buy US assets than in the late

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