Free Trial

Dollar May Weaken in Near Term: News

CHINA PRESS

The U.S. dollar may enter a phase of weakness if vaccines help bring the pandemic under control and the market shifts to more risk-tolerant assets, the Financial News reported citing Guan Tao, chief economist at BOC International Securities and a former official at China's FX regulatory agency. The dollar will remain a critical global currency even as some observers want to reduce the risks of holding dollar-denominated assets exposed to U.S. government-imposed sanctions, the surging U.S deficit and poor governance, Guan said. The incoming U.S. administration is expected to embrace multilateralism, which may strengthen the dollar's global position, Guan told the newspaper.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.