Stephen Jen Quoted in The Wall Street Journal: “What the Slide in the Dollar Means for Trade, Travel and Investment”
David Uberti and Chelsey Dulaney, The Wall Street Journal, January 28, 2026
In a recent article for The Wall Street Journal, David Uberti and Chelsey Dulaney examine the implications of the U.S. dollar’s recent decline for global markets, trade, travel, and corporate earnings.
The article explores how the dollar’s weakness is reshaping the outlook after a long period in which U.S. economic outperformance, political stability, and strong demand for American assets supported the currency.
Stephen Jen, CEO of Eurizon SLJ Capital, comments on the scale of the dollar’s adjustment and the imbalance that remains:
“The world is not ready,” said Stephen Jen, chief executive of London-based asset manager Eurizon SLJ Capital, who is expecting a further 20% decline in the dollar. “The level of the dollar was and still is way out of balance.”
The piece places Stephen’s comments in the context of renewed investor debate over the dollar’s role, the outlook for U.S. assets, and the potential consequences of further depreciation for the global economy.
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