Vaccine rollout could cause U.S. dollar to fall 20% in 2021
Updated Nov 17, 2020 07:04 am
- The widespread distribution of vaccines to combat the coronavirus pandemic and ongoing monetary easing could cause the U.S. dollar =USD to weaken as much as 20% next year, Citibank said on Monday.
- "When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect," the U.S. bank said in a research note.
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