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Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls

Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls
Key Points

Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls The dollar is wrapping up one of its best months in a year as a raft of Wall Street banks see a turnaround of fortunes for the US currency. Strategists at major banks, including JPMorgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc., expressed renewed faith in the greenback after Federal Reserve Chairman Kevin Warsh vowed to restore price stability, spurring interest rate-hike bets.

Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls The dollar is wrapping up one of its best months in a year as a raft of Wall Street banks see a turnaround of fortunes for the US currency. Strategists at major banks, including JPMorgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc., expressed renewed faith in the greenback after Federal Reserve Chairman Kevin Warsh vowed to restore price stability, spurring interest rate-hike bets.
Warsh (PERSON) Fed (ORG) US (LOCATION) JPMorgan Chase & Co. (ORG) Bank of America Corp. (ORG) Goldman Sachs Group Inc. (ORG) Federal Reserve (ORG) Kevin Warsh (PERSON)
Originally published by Bloomberg Markets Read original →