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The USD hit its lowest ranges in opposition to a basket of currencies in additional than two years this week. Traders and analysts assume it has additional to fall. The one questions appear to be how a lot and how briskly.
The consensus view of a falling greenback relies on an enormous assumption: Covid-19 might be roughly conquered within the months forward. Vaccines will permit economies all over the world to return to regular throughout the subsequent yr, encouraging traders to step again from the relative security of U.S. property and put money into shares, bonds and currencies exterior the U.S.