‘Dollar Smile' Creator Says More Weakness Ahead For US Currency [Yahoo! Finance]
INTESA SANPAOLO S/ADR (ISNPY)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: ‘We Didn't Budget for This' How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low Remembering the Landscape Architect Who Embraced the City Mounting worries that the US economy may be losing steam and increasing optimism regarding growth abroad have dragged the dollar to a three-month low this week – belatedly confirming the views of Jen, the chief executive of London-based asset manager Eurizon SLJ Capital. “An overvalued dollar that would actually weaken, that's been our call,” said Jen, adding that he feels “somewhat vindicated” after predicting a weaker dollar over the past two years. The Bloomberg Dollar Spot Index fell around 1% on Wednesday, extending a drop that has wiped out most of the gains it notched since the US presidential election last year. Jen says the recent moves fit
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