‘Dollar Smile’ Creator Says More Weakness Ahead for US Currency
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As a decline in the dollar picks up speed, longtime bear Stephen Jen is convinced the US currency’s woes are only beginning.
Mounting worries that the US economy may be losing steam and increasing optimism regarding growth abroad have dragged the dollar to a three-month low this week – belatedly confirming the views of Jen, the chief executive of London-based asset manager Eurizon SLJ Capital.