JP Morgan expects the USD dollar index, DXY, to fall by 5.7% in the next 12 months

Snippet from JPM on the US dollar:

• expects the index, DXY, to fall by 5.7% in the next 12 months
• citing US economic growth looking set to moderate, data showing signs of softening
• projects US growth to slow by more than other developed-market economies
• also to grow more slowly than most emerging-market economies
• sees growth-supportive fiscal policy outside of the US weighing on the dollar

Earlier post on Nomura also eyeing slower growth:

• Nomura sees Treasury rally ahead on rising growth fears

Also earlier, another reason to sell the dollar, at least as a knee jerk:

• Wall Street Journal: Trump considers naming next Fed chair early – bid to undermine Powell
• USD falling away a little on the Trump ” bid to undermine Fed Chair Powell” WSJ report

This article was written by Eamonn Sheridan at www.forexlive.com.