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

Stock market crashes – the rational and the emotions

Stock market crashes – the rational and the emotions

'Several characteristics associated with previous pre-crash periods are present today'

Paul Wood
clock 30 September 2026 • 5 min read
Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read