RBC Analyst Warns of Potential Dollar Decline

Mark Dowding, Chief Investment Officer for Fixed Income at RBC BlueBay Asset Management, is warning of potential weakness in the US dollar. According to BlockBeats, Dowding highlights ongoing changes in asset allocation that are decreasing demand for the USD. He suggests this trend could continue and if a new wave of volatility arises, the dollar’s decline might accelerate. Dowding attributes this potential depreciation to growing concerns about the USD trading more like a risk asset recently.