Dollar Daze
The prospects for the American economy continue to deteriorate: Tuesday, the organization of economic cooperation and development reduce growth forecasts More increased trade concerns.
President Trump’s prices are expected to heat most countries this year and next year, the OECD said. But the blow to the United States is particularly frightening the economists and Wall Street, who are concerned about the drop in growth, colliding with a republican expenditure bill which contains major tax reductions – and gargantuan deficits,, reports Bernhard Warner.
All this puts pressure on the dollar. He exchanged almost a three -year hollow Monday, as global investors weigh while keeping their money invested in America.
The greenback could fall further. Morgan Stanley analysts see it Tunching about 9% Over the next 12 months, Jpmorgan Chase and Goldman Sachs also made dopy calls in last week.
Investors may not be ready to abandon the global reserve currency. But they are Camp increasingly their bets against American assetsIn particular, cash tickets and obligations – which could harm the dollar, Matthew Hornbach, chief of the Morgan Stanley Macro Stanley said on Monday.
