Will the US dollar’s slide erode its status as the world’s currency of choice?

Summary:
[unable to retrieve full-text content]The US dollar’s sharp decline this year has raised questions about it losing its status as the pre-eminent reserve currency and dominant force in the global payments.The US dollar has weakened by 13 per cent against a basket of major currencies since its peak in March, fuelled by worries about expansionary US fiscal and monetary policies and a ballooning current account deficit in response to the Covid-19 pandemic.While an imminent collapse is very unlikely, there is risk of a prolonged…

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