BCA Research Urges Move Away From Dollar, Buy Won and Other Surplus Currencies

According to BCA Research, in a report released on July 20, the independent research firm warned that the U.S. dollar faces significant depreciation risk as macro conditions mirror the late Bretton Woods era. The firm recommends selling the dollar and buying currencies of current-account surplus nations, including the Korean won, Japanese yen, Taiwan dollar, Singapore dollar, and euro, citing their appreciation potential. BCA Research noted that the U.S. dollar is overvalued on a real effective exchange rate basis and will increasingly move with equity markets as a risk-correlated currency.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments