Dollar Slumps 10% Amid De-dollarization Fears
The US dollar has fallen over 10% this year, its largest decline since 1973, amid concerns of de-dollarization – the shift away from dollar-denominated assets due to uncertainty in US fiscal policy. Experts warn that this trend could weigh on stocks and economies. Mohamed El-Erian, former PIMCO CEO, says “policy-induced uncertainty” is driving de-dollarization, which … Read more