J.P. Morgan expects a sharp decline in the dollar index by 5.7%

The American investment bank J.P. Morgan predicts that the U.S. dollar index (DXY) will decline by 5.7% over the next year, with increasing signs of an economic slowdown in the United States compared to other economies. The bank stated in a research note that recent data reflects signs of weakness in the U.S. economic performance, expecting that the U.S. economy will record growth lower than most advanced market economies, and even lower than the majority of emerging market economies in the upcoming period, which could harm the performance of the dollar. J.P. Morgan pointed out that supportive financial policies for growth in other parts of the world may represent an additional pressure factor on the performance of the U.S. dollar, at a time when the momentum of the U.S. economy is slowing.