In particular, according to the estimates of the former head of Morgan Stanley Asia, Stephen Roach, the negative option provides for a fall in domestic savings of 5-10 percent of national income.
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The analyst predicted that, together with a record public debt, the situation will lead to the fact that in 2021 the dollar will fall in price by one third in relation to major currencies.
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Deutsche Bank also expects a serious collapse of the American currency, since the strategy for overcoming the epidemic in the United States looks much worse than in other countries.
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Concerns about Washington’s actions are also confirmed by the International Institute for Management Development, which last week published a ranking of the world’s competitive economies. In it, the United States dropped seven positions – to tenth place.
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Evgeny Lynchik, Managing Director of Sberbank Asset Management, noted that the second wave of coronavirus has not been taken too seriously, but if it does, it will seriously worsen business activity in the United States.
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Another factor in the weakening dollar may be the actions of the Federal Reserve System (FRS), which pours money through a new package of assistance to the economy.
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In recent days, the United States has recorded a sharp increase in the number of new cases of coronavirus. For this reason, cafes, restaurants, parks and other public places were again closed in California. Tightening restrictions also in Texas,
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On Monday, June 29, the dollar for the first time in two weeks exceeded 70 rubles. The reason for this was the decline in oil prices.
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