BlackRock, Jefferies Press Pause on Dollar With Europe Rebounding
- Strong U.S. economy already priced in by markets: BlackRock
- Jefferies sees resurgent European growth capping dollar gains
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Europe’s stabilizing economic landscape is set to put an end to the dollar’s best run in more than three years.
That’s the view of BlackRock Inc. and Jefferies, who say that firming European growth could cap the greenback’s rise. The dollar has climbed for seven straight weeks amid rising U.S. yields, political turmoil in Italy and a series of disappointing data releases from Europe, which has the region’s Citi Economic Surprise Index near a seven-year low.