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USD is unlikely to fall significantly, but higher demand for Euros could be a catalyst: BNY Mellon Markets

May 20, 2020

In a wide-ranging interview with Squawk Box Asia, John Velis of BNY Mellon Markets talks about the ongoing deadlock in Washington over federal aid packages, U.S. Treasurys and USD depreciation. He foresees a big pickup in demand for U.S. Treasurys and a fairly stable USD, saying the only catalyst for USD devaluation would be a massive upswing in another major currency, with the Euro the most likely contender.

Source: https://www.cnbc.com/video/2020/05/20/usd-unlikely-to-depreciate-but-the-euro-could-be-a-catalyst-bny.html
 
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