Wells Fargo: Markets will sell dollar rallies for the foreseeable future
2 hours ago
Odaily Planet Daily News: Erik Nelson, head of G10 foreign exchange strategy at Wells Fargo, said: "We have been trading in an environment of American exceptionalism. The United States is undoubtedly the most powerful economy in the world. In my opinion, the situation is no longer the same. There are underlying structural concerns - the independence of the Federal Reserve, the quality of data, everything. When it comes to the economic background, all of these are moving in the wrong direction. For the foreseeable future, people will tend to sell the dollar on rallies." (Jinshi)
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