Dollar will be tested if stocks correct – City Index

High risk of major stock market correction in US will dampen dollar strength, says broker

china
City Index: in the event of a full trade war, China may fare better as its stock market is less susceptible to capital outflows

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The dollar’s recent bout of strength may reverse, as the probability of US stock markets experiencing a major correction increases in the second half of 2018, says Kelvin Wong, chief technical strategist for Asia at City Index.

“In the next three to six months, there is a high risk that stock markets may see a major cyclical top that will lead to [a] significant corrective down move that can force the Fed to provide a more dovish guidance on its interest rate

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