Neuberger’s Purtell Sees Stronger Dollar Short Term as U.S. Real Rates Rise

A Neuberger portfolio manager said the U.S. dollar could continue strengthening in the near term as U.S. real interest rates rise. According to ChainCatcher, Joseph Purtell said he expects the dollar to break out of the trading range it has held over the past six to nine months. Purtell added that over the longer term the dollar may weaken, citing structural concerns including the fiscal sustainability of the U.S. government.