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The world loves the US dollar. Trump and the pandemic could change that
London (CNN Business)When the novel coronavirus sent investors running for the exits in March, there was a to snap up US dollars, the world's ultimate safe haven asset. But as the United States struggles with weighing on the economic recovery, the dollar has stumbled. Now, some on Wall Street warn it could fall further, due in part to President Donald Trump's handling of the crisis and isolationist policies. "We expect the US dollar to follow a path of reduced dominance and weaken over the long term," Nomura said Monday in a report to clients.We expect the US dollar to follow a path of...…London (CNN Business)When the novel coronavirus sent investors running for the exits in March, there was a to snap up US dollars, the world's ultimate safe haven asset. But as the United States struggles with weighing on the economic recovery, the dollar has stumbled. Now, some on Wall Street warn it could fall further, due in part to President Donald Trump's handling of the crisis and isolationist policies. "We expect the US dollar to follow a path of reduced dominance and weaken over the long term," Nomura said Monday in a report to clients.We expect the US dollar to follow a path of...WW…
Could the United Kingdom become an emerging market? | CNN Business
MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Brexit and the coronavirus pandemic are . Could it end up looking more like Turkey, Mexico and than France, Germany and the ?Some analysts on Wall Street are beginning to wonder whether a volatile currency, and a reliance on foreign investors could relegate the United Kingdom to “emerging market” status.Bank of America suggested in a recent note to clients that it may be time to treat the as an emerging market currency, citing Brexit and worsening debt dynamics as a result of...…MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Brexit and the coronavirus pandemic are . Could it end up looking more like Turkey, Mexico and than France, Germany and the ?Some analysts on Wall Street are beginning to wonder whether a volatile currency, and a reliance on foreign investors could relegate the United Kingdom to “emerging market” status.Bank of America suggested in a recent note to clients that it may be time to treat the as an emerging market currency, citing Brexit and worsening debt dynamics as a result of...WW…
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