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Michael Devereux

‘Dollar weakness double whammy for expensive US stocks’

Submitted by tjibbe.hoekstr… on Fri, 22 Jan 2021 - 08:00
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Despite its recent slide, the US dollar is still overvalued. In time, the greenback could go much lower. This has positive implications for European, Japanese and EM equities, but is a bad prospect for Wall Street, according to Michael Devereux, multi-asset fund manager at Schroders.

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