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Covid Crisis Strengthens U.S. Dollar’s Role in Global Economy

Covid Crisis Strengthens U.S. Dollar’s Role in Global Economy

1:30 AM IST, 23 Oct 20201:30 AM IST, 23 Oct 2020Save(Bloomberg) -- Overseas borrowers have flocked to the dollar this year at a record pace, with sovereigns from Indonesia to Colombia and companies from Nissan Motor Co. to Manila’s water utility racking up sales of $1.29 trillion. Overseas borrowers have flocked to the dollar this year at a record pace, with sovereigns from Indonesia to Colombia and companies from Nissan Motor Co. to Manila’s water utility racking up sales of $1.29 trillion.It’s a key economic takeaway from the Covid-19 crisis: just as happened in the wake of the global...

October 22, 2020
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