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Dollar’s Trump-fueled gains face a reality check late next year

Roughly a half dozen sell-side strategists, are now forecasting the dollar will peak as early as mid next year before starting to decline.

Carter Johnson

Investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor.

“This is not just a solid labor market, but if you take these numbers at face value, it’s a strong labor market late in the cycle,” El-Erian...

The financial markets have been overdoing it while pricing in rate cuts that are likely to be more modest, he said.