More uncertainty around US policy-making has led to the dollar index weakening more than 9% this year. Also market watchers see further declines.
The dollar is in a process of depreciation given that the investors are losing confidence in US economy based on the reckless, flip-flopping tariffs policy as well as President Trump's threat in the independence of the Fed. The common sense is that if Fed Chair Powell is removed by Trump, the market will crash.
According to Bank of America’s most recent Global Fund Manager Survey, a net 61% of participants anticipate a 10-20% decline in the dollar’s value over the next 12 months — the most pessimistic outlook of major investors in almost 20 years.
The exodus from U.S. assets may reflect a broader crisis of confidence, with potential spillovers such as higher imported inflation as the dollar weakens.
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