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JP Morgan says 2 factors could lead to dedollarization - and markets are not pricing it in

Via Bloomberg reporting (gated) on a JP Morgan note for clients.#1 among the factors that could threaten the dollar’s long-term dominance is political dysfunction in the US that could block efforts to manage the national debt, “preventing a government from stabilizing the economy during a crisis due to fiscal constraints,”#2 is intensifying competition between the US and China“If US-China tensions intensify and we get more global fragmentation, it would likely lead to de-globalization in trade a... Read More

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Posted: Jul 19 2023, 03:41

Author Name: forexlive

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