RBC warns: The US dollar may face a risk of a 40% drop similar to the post-internet bubble collapse
Royal Bank of Canada Capital Markets (RBC Capital Markets) believes that once the current driving factors supporting the US dollar turn into headwinds, the dollar may face a boom-and-bust cycle similar to that of the internet bubble period. Therefore, traders need to proactively guard against a prolonged sell-off of the dollar that may occur.
Due to the uncertainty surrounding President Trump's policies, the dollar has been severely impacted this year. However, it has been supported by the soaring stock market and global investors' allocation to US assets, particularly highlighted by the large-scale passive investment funds
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments