The coronavirus pandemic has put additional pressure on the US dollar, driving it on Thursday to its lowest level since September 2018. Photo: Reuters
The coronavirus pandemic has put additional pressure on the US dollar, driving it on Thursday to its lowest level since September 2018. Photo: Reuters

US dollar at risk of sudden collapse? Ex-IMF official warns ‘blow-up event’ could sink currency as debt mounts

  • A fresh stimulus package worth at least US$1 trillion could spell relief for millions of Americans in pandemic, but could raise financial stability risks
  • US Federal Reserve’s aggressiveness in easing financial conditions has succeeded in halting a further decline in the US economy, but that could change if major companies start going bankrupt

The coronavirus pandemic has put additional pressure on the US dollar, driving it on Thursday to its lowest level since September 2018. Photo: Reuters
The coronavirus pandemic has put additional pressure on the US dollar, driving it on Thursday to its lowest level since September 2018. Photo: Reuters
READ FULL ARTICLE