It's Too Early to Call an End to the US Dollar Rally, JPMorgan Says

From bloombergquint.com

It’s still too early to call the end to this year dollar’s rally, according to J.P. Morgan Asset Management. The greenback has gained more than 6 percent from this year’s low in February thanks to an expanding U.S. economy and haven bids, and there may still be some upside left, Tai Hui, a global market strategist at the asset manager in Hong Kong, wrote in emailed comments. “It may be premature to call this the end of the USD rally,” Hui said. “The greenback has been on a rapid ascent in recent months due to reduced risk appetite and outperformance in U.S. economic growth and equity performance.” J.P. ... (full story)