JP Morgan Compares Trump’s US Dollar Measures to Perón’s Protectionism - Buenos Aires Herald

The bank warned about protectionism, the lack of independence of the central bank and contempt for macroeconomic stability.It also predicted that the dollar will continue to devalue in the coming months.

The global entity warned about the risk of repeating historical errors and highlighted similarities with Latin American experiences

The dollar is on the downside. This year it has already depreciated almost 8% against the euro. And it has also done so against most of the most important currencies. The explanation? Trump’s populist policies. For the largest US bank, JP Morgan, “the risk that American politicians will repeat the mistakes of some Latino leaders such as Argentina’s President Juan Domingo Perón” explains to a large extent the weakness of the US currency and the i…

JP Morgan compares Trump’s US dollar measures to Perón’s protectionism - Buenos Aires Herald

The global financial services firm warned that market participants are ‘increasingly questioning’ the dollar’s economic credibility

Analysts said there is a risk that “the mistakes of Latin American leaders such as former Argentine President Juan Perón will be repeated.” The entry JP Morgan compared Trump’s economic policy with Perón’s was first published in #BorderJournalism.