Eurizon’s Jen Says ‘Bumpy Road’ Is Ideal Path to Weaker Dollar
The ideal path to a weaker dollar from the perspective of US officials may involve a “bumpy road” with a series of lurches, rather than a steady decline, according to Stephen Jen at Eurizon SLJ Capital.
US President Donald Trump has made no secret of his desire to see the dollar weaken as a means of supporting American goods and exports. Engineering that without triggering “a ‘sell America’ avalanche” would involve a sudden, unexpected drop in the currency that neither spooks markets nor sparks more depreciation, Eurizon’s chief executive officer wrote in a research note on Friday.