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US dollar may remain soft in 2025, boosting emerging market assets: JP Morgan
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JP Morgan's research suggests the US dollar will likely weaken through 2025, potentially benefiting emerging market assets due to their historical inverse relationship with the dollar. The report anticipates EM currencies stabilising against the dollar, particularly highlighting China, India, and Brazil as potentially attractive markets. However, rising US bond yields pose a short-term risk to EM assets.
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