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09

JPMorgan Maps Out Currencies to Buy If Recession Is Coming

By Tony Seruga

Yen, Swiss franc, Singapore dollar and the greenback top picks
Emerging market FX seen struggling; Kiwi worst G10 performer

If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co.

“Recessions are when creditors get to ask for their money back,” analysts including Paul Meggyesi said in a note dated July 6. “Three of the top four currencies to own during a recession are those of countries that boast extremely strong external positions.”…

JPMorgan Maps Out Currencies to Buy If Recession Is Coming

Categories : Finance

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