Concerns mount that dollar will weaken further as U.S. COVID-19 cases spike

[TexasTowelie]

June 22 (UPI) -- New warning signals about a potential weakening of the U.S. dollar emerged Monday when a Deutsche Bank analyst said the greenback's value could fall further as COVID-19 cases continue to rise.

Deutsche Bank analyst Sameer Goel on Monday questioned whether currency traders will continue paying a premium for the dollar as a "pandemic safe haven" given the new waves of COVID-19 cases in the United States even as Europe's economic reopening is moving ahead.

The "emergency dollar demand seems to be waning," Goel told CNBC.

He said traders may believe the U.S. strategy for exiting the pandemic is "poorer than it is for the rest of the world. Our mobility tracker suggests that, bulk of Europe, for example, is opening up faster than (the) U.S. is."

Read more: https://www.upi.com/Top_News/US/2020/06/22/Concerns-mount-that-dollar-will-weaken-further-as-US-COVID-19-cases-spike/8751592837422/

[soothsayer]

1. You think?

[I_UndergroundPanther]

2. NEO- liberalism sucks

And our government is infested with people that believe that bullshit and drive the country down a hope for thier precious beliefs. Republicans need to be removed and thier selfish party brought to an end permanently. Neo liberals are poison to our nation.

[Liberal4Lyfe]

3. what happens if dollar weakens

?^