Central Banks’ Waning Appetite Seen in Currencies, JPMorgan Says

  • Kiwi surges to highest since May 2015, even after rate cut
  • Markets trade on ‘end-of-cycle phenomenon,’ Normand says

What's Next for Currencies?

Foreign-exchange traders are becoming convinced that monetary stimulus programs around the world have reached their limits in efforts to spark economic growth, according to JPMorgan Chase & Co.

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