Fidelity's Rossi: dollar bear market is complete

Laura Miller
clock

The dollar bear market witnessed over the past ten years is finally over, according to Fidelity's chief investment officer Dominic Rossi.

Speaking at an event in London on Wednesday, Rossi (pictured) said the fiscal situation in the US is "beginning to show signs of improvement". "The dollar is no longer falling. The fiscal position is improving relatively fast." The stabilisation of the US currency will put commodity prices under pressure and lay the basis for a re-rating of equities of the kind unseen for the last ten years, he said. Rossi added he expects the recent improvement in the US' trade picture to continue due to the exploitation of the country's shale gas deposits, and said he is generally bullish on the US....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Four reasons why direct engagement can still make a difference

Four reasons why direct engagement can still make a difference

'Quantitative data arguably tells only half the story'

Simon Wood
clock 05 March 2026 • 4 min read
Darius McDermott: Is income under pressure?

Darius McDermott: Is income under pressure?

‘The period of abundant income is ebbing'

Darius McDermott
clock 04 March 2026 • 5 min read
Investors told 'hold your nerve' as Iran strikes drive volatility

Investors told 'hold your nerve' as Iran strikes drive volatility

Ongoing conflict impact

Linus Uhlig
clock 02 March 2026 • 3 min read