Bloomberg/Alexandre Tanzi’11-18-2020
“Trade upheaval, a pandemic-induced recession and political disharmony renewed pressure to reduce the share of international payments in dollars. The U.S. currency has weakened more than 11% from its March peak, based on a Bloomberg index that measures it against a basket of major peers, and many observers are predicting its valuation to drop further.”
USAGOLD note: One month does not a trend make and we would have to see a trend develop before we would think that something of real importance was actually occurring. Nevertheless, we thought the “event” worth noting and filing for future reference.
