Economics
Dollar Headed for `Multi-Year Slide,' JPMorgan Asset Predicts
- Slowing U.S. economy, Fed pause seen weighing on greenback
- Money manager expects slump to start in second half of 2019
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A dollar slump is on the horizon in 2019, and it could last for years.
That’s according to JPMorgan Asset Management, which anticipates the greenback may start falling by the end of next year amid a cooling U.S. economy and a potential pause in the Federal Reserve’s hiking cycle, likely in the second half of 2019.