NewsmaxFinance/Nigel Green/4-20-2023
“There’s a growing consensus that the Fed cannot, should not, and will not keep on raising rates much longer.…Last month’s banking crisis has also weighed on the dollar. In addition, improving European growth, a possible potential U.S. recession, and China’s reopening are all putting the squeeze on the greenback. It’s a perfect storm that will lead to the dollar being one of the biggest losers of 2023. There is a transition underway from a bull to a bear cycle for the dollar and that this will shift the global investment environment in a profound way.”
USAGOLD note: Green is the founder and CEO of London-based de Vere Group.He says a dollar retreat could jolt portfolios, “especialy if they aren’t properly diversified.”
