US Dollar Is Now on a Long-Term Downward Path: Jefferies

US Dollar is Now on a Long-term Downward Path: Jefferies

Get latest articles and stories on Business at LatestLY. The US dollar has likely to be entered in a long-term downtrend because of several economic and political factors that suggest a weaker dollar in the coming years, according to a report by Jefferies. Business News | US Dollar is Now on a Long-term Downward Path: Jefferies.

US dollar is now on a long-term downward path: Jefferies - ChiniMandi

New Delhi [India]: The US dollar has likely to be entered in a long-term downtrend because of several economic and political factors that suggest a weaker dollar in the coming years, according to a report by Jefferies. The report highlighted that on 24 December last year, America reached an all-time high of 67.2 per cent share in the MSCI All Country World Index. This was during a time of strong optimism and talk about “American exceptionalism.”…

Magne Østnor at DNB Carnegie is not so sure that the dollar's weakness will last. Chief economist Bjørn-Roger Wilhelmsen believes we could see around nine kroner to the dollar next year.

USD/CAD Rate Drops Towards Yearly Lows

The USD/CAD chart is currently showing clear signs of a bearish trend, characterised by a sequence of lower highs and lower lows (A→B→C→D→E→F→G).This week’s decline suggests the downward structure may continue to develop, putting the current yearly low around the 1.3770 level at risk.Why Is USD/CAD Falling?On one hand, the US dollar remains under pressure:→ Following last week’s downgrade of US debt ratings by Moody’s, investor attention has shi…

Forex today: Japan inflation data occupies the center of the stage - World Stock Market

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