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Repatriation May Provide Only Limited Boost for U.S. Currency

Just $456B of assets likely to move back into dollars, says JPMorgan.

Dollar bulls may be disappointed if they’re pinning their hopes on Republican proposals that could clear the way for U.S. companies to repatriate profits stashed overseas, according to JPMorgan Chase & Co.

Of the $2.2 trillion the bank estimates is available for repatriation, the actual flow back into dollars may be around $456 billion, given that much of the money is either already in the U.S. currency or is otherwise hedged or held in illiquid assets, according to analysts Daniel Hui and Niall O’Connor.

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