摩根大通：美元兑主要货币仍被高估5至15%

Core Viewpoint - JPMorgan believes that the US dollar is still overvalued by 5% to 15% against major currencies, even after reaching recent lows [1] Group 1: Economic Analysis - The report indicates that the narrowing of cyclical interest rate differentials and ongoing asset allocation adjustments suggest potential downward pressure on the dollar [1] - Factors supporting the expectation of further dollar weakness include the diminishing economic advantage of the US compared to other economies, slowing foreign capital inflows, and increased risk aversion [1] Group 2: Investment Recommendations - The bank continues to advise US investors to diversify their international allocations [1] - Non-US investors are encouraged to manage their dollar exposure effectively [1]