Dollar may gain from stock wobble, says LCG
Following a period of heavy losses, the greenback could see a temporary bounce if risk sentiment deteriorates
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The world’s stock markets might be suffering a painful sell-off led by Wall Street, but foreign exchange has so far remained a sea of calm. This could soon change if the equity rout continues and investors seek out safe-haven currencies, says Jasper Lawler, a senior market analyst at FX broker London Capital Group (LCG).
Such a shift in sentiment could see the dollar’s declines reverse, even temporarily.
“The timing for that makes sense because the risks are now
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