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2026-03-07 04:38:45
JPMorgan Chase has abandoned its bearish view on the US dollar due to the energy shock triggered by the war with Iran. Its foreign exchange strategists have adjusted their stance on the dollar from bearish to neutral, stating that the energy price shock caused by the war with Iran could threaten global economic growth and disrupt the trend of capital outflows from dollar assets. The JPMorgan team, led by Meera Chandan and Arindam Sandilya, wrote in a report, "This is our first neutral stance on the dollar since March of last year, reflecting a clear tactical shift in our foreign exchange strategy," adding that "this adjustment is more driven by risk management considerations than a change in medium-term outlook."
