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It should decrease by 20% if Corona vaccines are widely distributed
The American Citigroup Bank has said it expects the US dollar to decline by as much as 20% in 2021 if “Covid-19” vaccines are widely distributed and help jump-start global trade and economic growth.
In details, analysts from “Citi”, one of the largest investment banks in the United States, explained in a report released today, Monday, that they believe that the distribution of vaccines will determine all bearish market indicators, allowing the dollar to follow similar trajectories as it has traversed from start to middle. The first decade of the XXI century, when the currency began to fall for several years, according to the agency “Sputnik”.
According to Bloomberg, the dollar has fallen 11% from its peak last March and is under additional pressure today, after learning that Moderna’s Covid-19 vaccine was highly effective in clinical trials, which affected demand. . It is considered to be one of the safe havens for investing and saving money.
Strategists speculated months ago that the U.S. election, vaccine development, and Federal Reserve policies could deal a heavy blow to the currency. Ultimately, the election was not the catalyst for a big fall, but Citigroup says the general macroeconomic backdrop will be the dollar’s biggest driver going forward.
Famous US bank expects dollar to partially collapse in next year
Sabaq electronic journal
Previously
11/17/2020
The American Citigroup Bank has said it expects the US dollar to decline by as much as 20% in 2021 if “Covid-19” vaccines are widely distributed and help jump-start global trade and economic growth.
In details, analysts at Citi, one of the largest investment banks in the United States, explained in a report released today, Monday, that they believe vaccine distribution will determine all indicators of the bearish market, allowing the dollar to follow similar trajectories to those it has traversed from the beginning to the middle. The first decade of the XXI century, when the currency began to fall for several years, according to the agency “Sputnik”.
According to the “Bloomberg” agency, the dollar has fallen 11% since it peaked last March, and has come under additional pressure today, after learning that Moderna’s “Covid-19” vaccine was very effective in clinical trials, which affected demand. It is considered to be one of the safe havens for investing and saving money.
Strategists speculated months ago that the U.S. election, vaccine development, and Federal Reserve policies could deal a heavy blow to the currency. In the end, the election was not the catalyst for a big fall, but Citigroup says the general macroeconomic backdrop will be the dollar’s biggest driver going forward.
November 17, 2020 – Rabi Al-Thani 2, 1442
12:53 am
It should decrease by 20% if Corona vaccines are widely distributed
The American Citigroup Bank has said it expects the US dollar to decline by as much as 20% in 2021 if “Covid-19” vaccines are widely distributed and help jump-start global trade and economic growth.
In details, analysts at Citi, one of the largest investment banks in the United States, explained in a report released today, Monday, that they believe vaccine distribution will determine all indicators of the bearish market, allowing the dollar to follow similar trajectories to those it has traversed from the beginning to the middle. The first decade of the XXI century, when the currency began to fall for several years, according to the agency “Sputnik”.
According to the “Bloomberg” agency, the dollar has fallen 11% since it peaked last March, and has come under additional pressure today, after the announcement that the “Covid-19” vaccine of Moderna was very effective in clinical trials, which affected demand. It is considered one of the havens for investing and saving money.
Strategists speculated months ago that the U.S. election, vaccine development, and Federal Reserve policies could deal a heavy blow to the currency. Ultimately, the election was not the catalyst for a big fall, but Citigroup says the general macroeconomic backdrop will be the dollar’s biggest driver going forward.
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