The dollar may lose the status of “safe haven”
November 15, 2018 4:23 pmVideo
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According to Bank of America Merrill Lynch (BofAML) experts, the Japanese yen and the Swiss franc may be preferable to the dollar if next year the United States gets involved in a trade war with Europe.
According to experts, in the current year, the dollar has proved itself better than other currencies in the face of worsening sentiment in financial markets.
“Over the past few months, investors have chosen the dollar as a defensive asset because of growing tensions in trade relations between the United States and the Middle Kingdom. If the parties succeed in settling controversial issues, then the trade opposition between America and Europe may come to the fore, against which the dollar will look less advantageous than the yen and the franc,” the BofAML representatives said.
They believe that in the future, the US currency may weaken, despite the positive outlook for US GDP growth in 2019 and a further increase in the Fed’s interest rates, because after the recent mid-term elections, the country risks falling into political deadlock.
The material has been provided by InstaForex Company – www.instaforex.com
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