The detail on a US$20 note. Whatever the Fed and others are obliged to do now is likely to have consequences that extend far beyond the duration of the coronavirus pandemic. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

As markets panic over coronavirus pandemic, the US dollar is king – for the time being

  • Investors’ dash for cash prompted market sell-offs last week, as US dollar liquidity is critical to the functioning of the global financial system. But looking beyond the crisis, too much liquidity could give rise to asset price inflation

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The detail on a US$20 note. Whatever the Fed and others are obliged to do now is likely to have consequences that extend far beyond the duration of the coronavirus pandemic. Photo: Reuters
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