JPMorgan analysts calculated which currencies are better during a downturn

Analysts at JPMorgan Chase recommend buying Swiss franc, Singapore dollar and US dollar, as well as the Japanese yen in the event of a global recession or downturn in the US economy. In this case, they believe that it is necessary to get rid of the currencies of the developing countries. To hedge the risks of the cheapest of currencies, analysts consider the yen. They believe that the Singapore dollar is not very good for these purposes, the US dollar is more preferable, which is bought by banks and companies as the world currency during economic downturns. Analysts of the bank estimated that for 2 years since the beginning of the recession, the currencies of the developing countries are too sensitive to it and depreciate by 17%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: