Stephen Jen Quoted in Bloomberg Opinion: “The US Dollar Is Kicking Europe While It’s Down”
Marcus Ashworth, Bloomberg Opinion, January 29, 2026
In a recent Bloomberg Opinion column, Marcus Ashworth examines the implications of renewed U.S. dollar weakness for Europe, where a stronger euro could add further pressure to an already fragile growth backdrop.
The piece discusses how a falling dollar may be manageable, or even helpful, for some parts of the global economy, but could be more challenging for Europe given its export exposure and already relatively strong currency. The article also considers the potential implications for the European Central Bank as the euro moves toward levels that have historically created concern for policymakers.
Stephen Jen is cited on the possibility that the dollar’s recent move may mark the start of a broader adjustment:
“This may very well be the beginning of the next leg lower in the dollar, and many may not be prepared for it,” according to Stephen Jen, a respected currency economist.
The article places Stephen’s comment within a wider discussion of dollar weakness, euro strength, and the policy challenges facing Europe as it tries to support growth while managing currency-driven disinflationary pressures.
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