A JPM analyst says the dollar's performance will be 'divergent ahead'
- sees a 'noisy trading rage' for EUR/USD and USD/JPY
- but outperformance for AUD/USD and for CAD against the USD
- says a weaker USD makes it more attractive for inflows though
Citing:
- substantial deterioration in the US current account, fiscal position
- sees US economy outperforming
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A bit of a two-way bet it seems.