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JPMorgan: After progress in China-US trade relations, the dollar may lag behind US stocks.
Jin10 data reported on May 13th that JPMorgan analysts stated in a report that after the US and China agreed to temporarily drop tariffs, the US dollar may lag behind the US stock market. The tariff reductions have lowered the likelihood of a recession in the US, but they also benefit global economic rise. The economic growth in the US may still lag behind other parts of the world. The reasons for a weaker dollar still exist, although the intensity has diminished. In the medium term, signals regarding the extent of American exceptionalism will be more relevant to the dollar.