Tuesday, December 1, 2020
Home Uncategorized US dollar on path to ‘significant depreciation’ over next few years, Standard...

US dollar on path to ‘significant depreciation’ over next few years, Standard Chartered warns

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China’s yuan to become world’s third-largest reserve currency behind dollar & euro – Morgan Stanley

The dollar index, which tracks the greenback against a basket of currencies, was at 92.61 on Thursday. It has lost over three percent against peers since the beginning of the year.

Robertsen’s forecast echoes earlier predictions of renowned economist Stephen Roach, who has recently warned that the collapse of the dollar could happen at “warp speed.” According to Roach, the greenback can plunge as much as 35 percent by the end of next year.

For more stories on economy & finance visit RT’s business section


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