JPMorgan’s Bearish Dollar Stance Challenged by Iran Oil Shock
A sustained oil price shock as conflict between the US and Iran escalates and snarls tanker traffic across the Middle East is the biggest threat to JPMorgan Chase & Co’s...
By Carter Johnson · Bloomberg Markets
A sustained oil price shock as conflict between the US and Iran escalates and snarls tanker traffic across the Middle East is the biggest threat to JPMorgan Chase & Co’s view that the dollar will weaken this year, according to the bank’s foreign-exchange strategists.