16 July
Exante Data founder sees further dollar decline
According to Jens Nordvig, the founder of research firm Exante Data, the dollar's recent rebound, sparked by easing US-China trade tensions, is only temporary. The expert believes a multi-year bear market has just begun, driven by the Trump administration's chaotic efforts to reshape the American economy.
As Nordvig notes, the US-China truce pushed the dollar to its one-month high on Monday. However, the currency subsequently plunged over 5% yesterday. A sell-off in American assets ensued as markets reacted to Donald Trump's inconsistent trade policies, fearing both accelerating inflation and slowing GDP growth.
Nordvig warned that dollar pressure may intensify in September as tariff-driven inflation begins to ease, giving the Federal Reserve room to cut interest rates.
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