An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters
An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Why the US dollar slide may be a sign of real danger this time

  • The rare event of a general depreciation of the world’s leading currency suggests a fundamental lack of faith that could sink financial markets and undermine the global economy
  • Recent events suggest the dollar could erode from within as the US retreats from international obligations and its domestic economy weakens

An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters
An image of a US dollar bill at a currency exchange bureau in Cairo. The dollar is losing its lustre against gold, silver and other key currencies. Photo: Reuters
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London