Dollar Rebound: Short-Lived Amid Long-Term Decline Worries
Schwab Network · Schwab Network
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Show Notes
The U.S. dollar's recent rebound off 3-year lows may be short-lived, according to Thierry Wizman. Despite technical buying and profit-taking in the Euro and Yen, Wizman believes the dollar's long-term decline is far from over. He cites a shift in investor sentiment away from U.S. assets and the dollar, driven in part by concerns over the country's fiscal and monetary policies. With the Fed now expected to cut rates and inflationary pressures building, Wizman sees further volatility ahead for the currency markets.
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