Fidelity, JPMorgan Buck Market by Betting on Stronger Dollar
- HSBC, JPMorgan, Morgan Stanley forecast a resilient US dollar
- Fidelity, Loomis buy dollar on wagers for slower global growth
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The dollar will surprise by getting stronger next year as the US economy outperforms, according to some of the world’s biggest money managers.
Fidelity International, JPMorgan Chase & Co., and HSBC Holdings Plc are going against the consensus by warning of dollar strength, while Loomis Sayles & Co. says a global economic slowdown will see traders flock to the world’s reserve currency.