The ICE U.S. Dollar Index, which measures the dollar against currencies from major trading partners, recently slid to its lowest level since 2018.
The dollar hit its lowest levels against a basket of currencies in more than two years this week–and investors think it’ll fall further.
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.
The dollar hit its lowest levels against a basket of currencies in more than two years this week. Investors and analysts think it has further to fall. The only questions seem to…
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