This is via a research note from JP Morgan on their bullish out for the US dollar.
In the note, though, are some remarks on China, which may of particular interest.
In brief:
- the growth outside the US, specifically, in the Eurozone and China, has stabilized
- stability is the precursor to any improvements and given this stabilization, our systematic growth models have also turned more pro-cyclical
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China remains on holiday today. Markets there reopen next week.
