Société Générale: A mild recession in the US would lead to a weaker dollar
According to ChainCatcher, citing Golden Ten Data, Société Générale strategist Kit Juckes pointed out that the U.S. economy faces the risk of slipping into a mild recession, which could trigger larger rate cuts and lead to a weaker dollar. He stated that slowing growth and high U.S. stock valuations could repeat the mild recession scenario of 2001. Juckes warned: "If concerns about inflation, economic growth, asset valuations, and market bubbles ultimately tip the balance and cause the economy to slide into recession, then the declines in both interest rates and the dollar could far exceed our expectations."
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