ChangingFor most of this year, betting against the dollar became one of Wall Street’s favorite consensus trades. But JPMorgan’s Meera Chandan argues the backdrop is changing: U.S. data is surprising higher, the Fed may stay tighter for longer, and bearish dollar sentiment now looks crowded.More dollar positive
Jamie Dimon’s Favorite FX Brain Is Buying Dollars Again
JPM’s Meera Chandan says the anti-dollar trade has become overcrowded just as U.S. data improves, the Fed turns less dovish and sentiment approaches capitulation extremes.
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