End of Risk Rally to Benefit Dollar, FX Concepts’ Taylor Says

John Taylor, founder of the world’s largest currency-hedge fund, said he’ll buy the dollar as soon as the next few days because the rally in higher-yielding assets will come to an end amid sluggish U.S. economic growth.

The end of the Federal Reserve’s Treasury-buying program, known as quantitative easing, will hurt growth, Taylor said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. The absence of further stimulus will cause equities to decline in the second half of this year, he said.