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As dollar slides, some investors fret about its status as world's reserve currency
By Saqib Iqbal Ahmed
Reuters
Wednesday, August 5, 2020
NEW YORK -- Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
Investors and analysts, including billionaire hedge fund manager Ray Dalio and Goldman Sachs Group strategists, are among those who have warned that massive U.S. government spending in recent months could hurt the dollar.
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At the same time, rock-bottom U.S. interest rates for the foreseeable future and concerns over a potential rise in inflation are denting the dollar's appeal.
These factors are already weighing on the dollar, which stands 9% below its high of the year and notched its worst monthly performance in a decade in July. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-markets-dollar-analysis/as-dollar...
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