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The U.S. dollar is projected to weaken over the long term due to unsustainable fiscal debt and trade imbalances in the world’s largest economy, according to Patrick Thomson, EMEA CEO of JPMorgan Asset Management. Speaking at an International Capital Markets Association conference in London, Thomson noted that while the dominance of U.S. Treasuries remains intact,
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Ukrainian President Volodymyr Zelensky has warned that Ukraine faces a severe financial crisis unless the European Union agrees to loan billions of euros from frozen Russian assets to support Kyiv’s military and economy. Speaking in Brussels as EU leaders gathered for a critical summit, Zelensky said a positive decision was essential, noting that without additional […]