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| Dollar Index weekly chart, source:FXSTREET.com |
The global economy in next year is expected hard landing by a lot of economists and analysts. Major markets 2.1 percent according to Goldman Sachs.
The hard-landing economy makes investors to turn back to safety asset such as gold, bonds and U.S. dollar, and the gloomy forecasts agree with strong greenback as was in this year.
But the easy prospect may not be approved to investors. Bloomberg reported that JP Morgan Asset Management predicted weak U.S. dollar for years. Jerome Powell, the chair of Federal Reserve System spoke U.S. benchmark rate below the neutral rate in last month and greenback dived.
The momentum of dollar still leads dollar long, others short. But we need to cognize the sudden turning point.
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