Wall Street Splits on Dollar’s Fate Amid Economic Growth Debate

Greenback has retreated to test this year’s surprise uptrend
PineBridge sees risks of dollar strength, JPMorgan bearish

WATCH: Credit Suisse Strategist Tantia discusses the outlook for Asian markets and why his firm changed their negative view on the U.S. dollar to neutral.(Source: Bloomberg)

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By Ruth Carson and Livia Yap

April 25, 2021 at 9:30 PM UTC

Updated on

April 26, 2021 at 4:08 PM UTC

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The most popular currency trade at the beginning of the year has splintered as Wall Street takes to opposing sides on the fate of the dollar in the world’s pandemic recovery.

JPMorgan Asset Management and T. Rowe Price see the dollar weakening as U.S. economic exceptionalism wanes, while PineBridge Investments expects it to strengthen. Currencies from the euro to the Brazilian real -- which suffered in the first quarter -- have attempted rallies this month leaving the greenback sitting at a closely watched technical crossroads.