Coronavirus recovery: why US dollar’s puzzling strength is only temporary

//Coronavirus recovery: why US dollar’s puzzling strength is only temporary

Coronavirus recovery: why US dollar’s puzzling strength is only temporary

The last decade was all about “American exceptionalism”, characterised by the relentless outperformance of the US economy and its financial markets beating the returns of almost anywhere else. However, this leadership was supposed to finally be fading heading into 2021 as the forces responsible for a long-term US economic slowdown finally caught up to it and its exceptionalism started to draw to a close.Importantly, this was meant to lead to a decline in the US dollar as investors positioned…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-04-09T14:00:09+00:00 April 9th, 2021|Business|Comments Off on Coronavirus recovery: why US dollar’s puzzling strength is only temporary