A woman counts US dollar bills in Buenos Aires, Argentina, on August 28, 2018. Massive stimulus to fend off the effects of the pandemic, political uncertainty and other factors have eroded confidence in the US currency in recent weeks. Photo: Reuters
Opinion
Opinion
Macroscope
How coronavirus stimulus and China tensions are battering the US dollar’s global dominance
- The pandemic has unleashed forces that are undermining sentiment towards the United States, dealing a severe blow to American ‘exceptionalism’ in markets
- Earlier predictions of the dollar’s demise as the world’s reserve currency were off the mark, though, and the S&P 500’s strength indicates lingering resilience
A woman counts US dollar bills in Buenos Aires, Argentina, on August 28, 2018. Massive stimulus to fend off the effects of the pandemic, political uncertainty and other factors have eroded confidence in the US currency in recent weeks. Photo: Reuters
