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