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Mounting risks in U.S. will weigh on the dollar, analysts predict
By Eva Szalay and Colby Smith
Financial Times, London
Monday, July 13, 2020
Escalating political and health risks in the United States and rising optimism about the global economic recovery should keep the dollar sliding over the next few months, according to analysts.
Large banks turned bearish on the greenback in late May, citing drastic cuts in interest rates and a flood of liquidity unleashed by the Federal Reserve, as it tried to alleviate the economic effects of the pandemic.
... Dispatch continues below ...
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Since then, the outlook for the dollar has deteriorated further, strategists say. They cite growing concerns over the reopening of the world's largest economy in the face of a steady increase in Covid-19 cases, as well as increased political threats and a hit from investors exiting safety-seeking bets in the dollar.
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... For the remainder of the report:
https://www.ft.com/content/e6352387-5704-4e44-9b79-22ae87039e59
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