Too early to write off 'king' dollar's dominance, says Wall Street

It's too soon to write off the dollar's dominance as the US rate-hike cycle may not be near its peak

Photo: Bloomberg

Photo: Bloomberg

Ruth Carson and Masaki Kondo | Bloomberg
It’s too soon to write off the dollar’s dominance as the US rate-hike cycle may not be near its peak. 
That’s the firm conviction of money managers at JPMorgan Asset Management and Fivestar Asset Management even after a gauge of the greenback touched a one-month low on Thursday. Signs that aggressive Federal Reserve tightening is starting to take a toll are fueling bets for a slower pace of rate increases.

But dollar bulls remain undaunted: a hawkish Fed, fears of a global recession and heightened geopolitical tensions in Europe should only bolster demand for the US currency, investors say. 

Also Read

Why dollar will remain dominant

Former employees of JPMorgan accused of bullion-market manipulation

Wall Street slides, 10-year Treasury yields cross 3% as Fed rate hike looms

Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown

JPMorgan, Morgan Stanley earnings bode badly for Wall Street dealmakers

Maruti Suzuki Q2 profit may surge up to 355% YoY on higher sales volume

Sun Pharma gains 2%, conquers Rs 1,000-mark after gap of over 7 years

NMDC trades ex-date for demerger; stock surges 14% on heavy volumes

PNB, BHEL, IDFC among top mid-, smallcap stocks that can rally up to 25%

Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

First Published: Oct 27 2022 | 12:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to