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A chart showing monthly USD/euro exchange rate from January 2014 through July 2020

Causes and consequences of the dollar’s weakness

At the pandemic’s onset, few paid any attention to exchange rates. The U.S. dollar has weakened significantly since March 2020, surprising many observers. Some of the drop can be ascribed to the diminished international trade flows, which cut the demand for the globe’s leading exchange currency. There may also be, however, more disturbing reasons lurking beneath the dollar’s weakening strength figures.

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