Asian currencies could be on ‘backfoot’ despite U.S. rate cuts: JPMorgan
Written by Black Hot Fire Network on March 13, 2024
But Wang said this might not be the case in 2024 as the U.S. dollar is expected to benefit from forecasts shifting to a soft landing for the U.S. economy rather than a recession.
"The dollar probably could remain somewhat resilient," Wang told CNBC's Squawk Box Asia on Wednesday.
It will be the U.S. presidential elections and uncertainty in the China economy may continue supporting the U.S. dollar . . .
