The end of US dollar's dominance?
The US dollar has been dominant for decades. It is the primary global reserve currency and plays a significant role in global trade financial flows. A single dominant currency has important implications for global financial stability. The US dollar funding conditions became tense in March but were short-lived. However, with the IMF predicting a contraction of about 4.9% in 2020, clubbed with a resurgence of coronavirus cases, things could turn out to be a bit different. Click here to know more about this.
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