The Dollar Is Weak. Investors Bet It Will Slide Even More.

The U.S. dollar hit its lowest levels against a basket of currencies in more than two years this week.

The consensus view of a falling dollar is based on a big assumption: 


Covid-19 will be more or less conquered in the months ahead. Vaccines will allow economies around the world to return to normal within the next year, encouraging investors to step back from the relative safety of U.S. assets and invest in stocks, bonds and currencies outside the U.S.

https://www.wsj.com/articles/investors-bet-on-more-dollar-weakness-11606386601




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