A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP
A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP
Stephen Roach
Opinion

Opinion

Stephen Roach

Why the US dollar is only going to fall faster and harder

  • Given the unprecedented erosion of domestic savings, an explosive current account deficit, and the Fed determined to keep rates flat, expect the dollar to plunge by as much as 35 per cent next year

A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP
A broken Statue of Liberty figure is seen amid glass shards outside a looted souvenir shop in New York City, after a night of protests on June 2 over the death of George Floyd. Is the world seeing the end of the aura of American exceptionalism that has given the dollar Teflon-like resilience for most of the post-World War II era? Photo: AFP
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