JP Morgan says "have transitioned into a different regime for FX" – higher USD – ForexLive
From a JPM Friday research note, analysts at the bank say the level of US yields now points to a rising US dollar.
- We have transitioned into a different regime for FX
JPM says that it will be the monetary policy implications of growth that will primarily drive FX, having taken over from growth. The response of the US dollar to rising yields means it is establishing a cyclical base.
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